Spartan Enterprise Park — Sale in Spartanburg, SC

  • Price: $5
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Spartanburg, SC 29303
  • Size: 1,334,270 SF
  • Year built: 2024

Photos

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Description

Jones Lang LaSalle Americas, Inc. ("JLL"), as exclusive advisor, has been retained to market the opportunity to acquire the fee simple interest in Spartan Enterprise Park (the "Portfolio" or “Offering”), two (2) Class A logistics facilities totaling 1,334,270 square feet in the fundamentally resilient Greenville-Spartanburg industrial market. Currently 100% leased to four (4) tenants with 4.5 years of WALT, the Project provides investors with durable in-place cash with steady contractual yield expansion via 3.1% weighted average annual escalators. Built in 2024, Spartan Enterprise Park features an abundance of institutional-quality features including 36-40’ clear heights, ESFR sprinklers, motion-activated LED lighting, among many others. The Portfolio is anchored by Exel Inc., a division of DHL Group (XETRA: DHL; S&P: A-), one of the world's largest third-party logistics providers (3PL), providing domestic distribution operations for First Solar (NASDAQ: FSLR), one of the largest solar manufacturers in the Western Hemisphere. DHL's operations directly support First Solar's new 10-year lease at Cherokee Commerce Center, located less than fifteen (15) miles away, establishing Spartan Enterprise Park as an essential component of First Solar's domestic supply chain infrastructure.

Market Context

This industrial in Spartanburg, SC is listed for sale at $5 across 1,334,270 SF. The building dates to 2024. Compare it against other industrial listings for sale in Spartanburg, SC — view the full market.

As of Q1 2026, the Greenville industrial market showed average asking rents near $6.19/SF/yr, and rents up 3.7% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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