With leases now signing at $14 psf, NNN, this property, with the asking of $8 million, is about an 8% cap. With the current rate increases already signed, it’s already about a 6% cap. Flex space, zones North Charleston M-1. Fully occupied with an average term of $10 a sqft annually, NNN. The average lease rate in the area is approximately $14 psf. 4 detached buildings, 12,000 sqft each; first one is lower height and doors, being 12 foot clearance, 20 foot ceiling height with 12X10 doors; the other three being 16 foot clearance height with 23 foot sloped ceilings and 16x30 doors. Situated on 3 acres, for ample parking, conveniently located off Ashley Phosphate and near Palmetto commerce. Site is fully fenced.New leases are signed at $14 psf, nnn. The add in value isn't a theory or estimate, it's proven!
LISTED BY Excel Real Estate
843-996-4931
