Listed by Trinity Partners, Colliers - Greenville, South Carolina
$4,500,000
The Thomas Centre
Details
Property Type Office, Industrial
Sub Type Flex
Square Footage 35,453
Net Rentable (SqFt) 9,622
NOI $321,576
Occupancy 72.86%
Tenancy Multi
Lease Type NNN
Price per SqFt $127
Acreage 1.500
Zoning S-1
Parking Spaces 110 spaces
Parking Per SqFt 3.10
Investment Type Value Add
Office | 35,453 SqFt
Marketing description
Value-add or owner occupancy investment opportunity, currently 72.86% leased
- Current NOI: $321,576/year
- ~80% office with some smaller warehouse spaces
- Strong tenant mix with diverse professional groups to include engineering, health care, research and service groups
- Contiguous, sprinklered vacancy available for lease or occupancy, with a shower
- Average rental rates below market at current rate of $12.45/SF NNN. All leases with 3% annual escalations
- Project offered significantly below replacement cost, under $130/SF (Asking $126.93)
- Incomparable location near the intersection of I-85 and I-385, with convenience and signalized access to Woodruff Road Retail and Restaurants
- New access to Woodruff Road Bypass planned
- Adjacent Merovan Center anticipated to demolish over 35,000 SF, displacing a large tenancy population in the immediate area
- Over 110 surface level parking spaces
- 9 units with roll-up doors (at least one for each ground floor unit
Investment highlights
Listing Contacts
Listed by Trinity Partners, Colliers - Greenville, South Carolina
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$321,576.00
$26,798.00/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
Map
Zoning
S-1 SpecialServices
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View all 169 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
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