7644 Southrail Rd

North Charleston 29420

 

7644 Southrail Rd

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About

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!

Specifications

  • Address:7644 Southrail Rd
  • City, Zip:North Charleston 29420
  • MLS #:30796060
  • Price:$8,400,000
  • Square Footage48,000
  • Acres3
  • CategoryCommercial Sale
  • TypeIndustrial
  • Sub-TypeFlex Space,Mixed Use,Warehouse/Distribution
  • StatusActive
  • Title7644 southrail
  • Property SubtypeFlex Space,Mixed Use,Warehouse/Distribution
  • Use TypeNet Leased Investment (NNN)
  • Landsize UnitsAcre

 

 


LISTED BY Excel Real Estate
843-996-4931