ONE MARCUS DRIVE
1 Marcus Drive, Greenville, South Carolina
4-Building Flex Park | 103,647 SF
Denholtz is pleased to present One Marcus Drive, a four-building, 103,647-square-foot multi-tenant flex park located in the highly desirable Pelham Road corridor of Greenville, SC. Currently 86% occupied with no near-term rollover risk, the Property generates a stable income stream supported by creditworthy tenants and a weighted average lease term (WALT) of 3.93 years.
This acquisition represents a compelling value-add opportunity through targeted capital improvements, lease-up of 14,085 square feet of vacancy, and mark-to-market potential on existing below-market leases. The Property is fully cash-flowing from day one, with durable in-place income backed by tenants including Bon Secours, Ogletree Deakins, Cintas, and M&P Lab—anchoring the rent roll through 2026 and beyond.
Located in one of the Southeast’s fastest-growing, supply-constrained flex submarkets, where industrial vacancy remains below 2%, One Marcus Drive is well-positioned for both income stability and NOI growth. With replacement costs exceeding $200 per square foot and nearby comparables trading between $180 and $210 per square foot, investors can participate at a highly favorable basis of $145 per square foot, well below new construction pricing.
This opportunity is projected to deliver a net investor internal rate of return (IRR) of 15.58% and a 1.88x equity multiple over a five-year hold. Investors will benefit from immediate distributions, with the investment supporting the full 8% preferred return starting immediately post-close.
Investment Summary
Asset Type: Flex
Targeted Investor IRR: 15.58%
Targeted EQUITY MULTIPLE: 1.88x
Targeted Investment Period: 5 years
Preferred Return: 8%
Funds Due: September 2nd
Closing: September 4th
MINIMUM INVESTMENT: $25,000



Investment Highlights
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The information contained herein is preliminary, is not complete, and is subject to change. This material does not purport to contain all of the information that a prospective investor may require.
Investments in real estate involve substantial risks, including but not limited to market risk, property-specific risk, illiquidity, environmental risk, and the potential loss of invested capital.