Blue Vista Capital Management has acquired a 56-acre site at 1298 New Cut Road in Spartanburg, SC. The property has a 201,718-square-foot manufacturing and warehouse building, 31 acres of undeveloped land and more than 300 parking spaces. The investment is a joint venture between Blue Vista and IP Capital Partners.
The existing building at New Cut Road features multiple points of ingress and egress, four dock high doors, three drive-in doors, a significant power infrastructure, and it’s fully air conditioned.
“Spartanburg, and the broader South Carolina Upstate region is the state’s largest consolidated metro area and generates significant demand for mid-sized manufacturing and distribution space,” said Brandon Goetzman, Managing Principal & Co-Head of Equity. “We believe this is a flexible property that can accommodate a wide range of local or regional users, with multiple points of access, excessive power infrastructure and access to the region’s large labor force.”
The post Blue Vista Acquires 56 Acre Industrial Site in Spartanburg, SC appeared first on Connect CRE.
Blue Vista Capital Management has acquired a 56-acre site at 1298 New Cut Road in Spartanburg, SC. The property has a 201,718-square-foot manufacturing and warehouse building, 31 acres of undeveloped land and more than 300 parking spaces. The investment is a joint venture between Blue Vista and IP Capital Partners. The existing building at New …
The post Blue Vista Acquires 56 Acre Industrial Site in Spartanburg, SC appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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