Sunbelt Rentals N. Charleston, NN Leased Investment Sale

Industrial for Sale
Catylist Listing ID: 30438244
Property Subtypes: Free-Standing, Light Industrial, Net Leased
Building Size (RSF): 12,000 SF
Gross Land Area: 1.25 SF
Sale Price: $1,588,166
Unit Price: $132.35 PSF
Ceiling: 20 ft. Clear
Office SF: 650 SF
Property Use Type: Net Leased Investment (NNN)
Building Name: Sunbelt Rentals - 7384 W Spartan Blvd
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 7/25/2019

Overview / Comments

Sunbelt Rentals has over 825 locations nationwide and is one of the largest equipment rental companies in the United States. Corporate guaranteed NN lease with Landlord only being responsible for roof and structural. 5 year initial term began June 1, 2019 with one 5 year option to renew. Both initial and option terms have a 3% annual rent escalation.

Less than 1 mile from I-26, this free standing building sits on approx. 1.25 acres with fenced parking & storage area. The building is clear span with two grade level roll up doors and a small office build out consisting of 3 private offices, reception and restroom. 20' eave heights and 3 Phase power.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 3951600032
Zoning: LI - Light Industrial District
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1988
Year Renovated: 2019
Eave Height: 20
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,833 61,963 149,282
Median Age: 30.75 31.76 32.25
Households: 3,351 23,781 56,762
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