Renovated North Charleston Flex Park For Sale

Industrial for Sale
Sale Pending
Catylist Listing ID: 30787747
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial, Net Leased
Status: Pending
Building Size (RSF): 18,870 SF
Gross Building Area: See Agent
Gross Land Area: 0.81 Acres
Sale Price: $3,500,000
Unit Price: $185.48 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

CALL FOR OFFERS (Price not $1.00)

Newly renovated (2021) flex park currently 100% occupied with new leases at market rent. 3973 Ashley Phosphate Road is a small bay flex/ light industrial park comprised of 5 buildings on the corner of Ashley Phosphate Rd. and Tanglewood Rd. The 18,870 SF park has undergone a complete renovation and is ready for sale.

Renovations include:
• Landscape the entire Property for additional curb appeal
• New monument, branding and wayfinding signage
• New parking lot
• New storefront entryways and roll form awnings, creating a better identity for the Tenants
• Repair/ replace roofs and roll up doors
• Exterior paint, updated interior flooring/paint and LED lights

The property is well located approximately 3 miles from I-26, 2 miles from Palmetto Commerce Parkway and 1 mile from Dorchester Rd. Building 100 has direct retail exposure to the 41,200 VPD traveling on Ashley Phosphate Rd. 58 total parking spaces (3/1000) with an adjacent over flow lot at the corner of Ashley Phosphate & Tanglewood.

Go to property website (attached) for financial information. Offers due March 4th, 2022.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 61 - N.Chas/Summerville/Ladson Area
Tax ID/APN: 172-15-02-005
Zoning: OTHER
Year Built: 1971
Year Renovated: 2021
Parking Type: Surface
Parking Description: 58 marked spaces with additional spaces available in overflow lot
Eave Height: 1
Sprinklers: None
Lighting: LED
Zoning Description: CG-DC (Dorchester County)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,016 58,392 138,635
Median Age: 28.91 31.69 32.75
Households: 2,721 22,207 52,845
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