Investment Sale | 7.28% Cap Rate | Office/Warehouse Facility

Industrial for Sale
Sale Pending
Catylist Listing ID: 30531746
Property Subtypes: Flex Space, Free-Standing, Light Industrial
Status: Pending
Building Size (RSF): 11,880 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Unit Price: $92.59 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Undisclosed
Cap Rate: 7.28%
Last Updated: 2/11/2020

Overview / Comments

The property is improved with a pre-engineered steel building constructed in 2007. The building measures 150’ X 60’ with a 20’ eave height. It is constructed on a 6” think monolithic concrete slab and has 3” thick insulation in the roof and walls. Offices are located on the first and second floor with dimension of 48’ X 60’ for a total finished office area of approximately 5,760 SF. The office space has high end finishes that include recessed lighting, crown molding, high speed internet wired throughout the building and granite countertops in the bathrooms. The executive office has a private bathroom with a shower. The warehouse is approximately 4,500 SF with a 1,620 SF mezzanine and 1,500 SF wash bay. The warehouse is served by (4) 14x14 overhead doors. The site includes an asphalt paved parking lot with a gravel lay down yard fully secured by a 6’ chain link fence.
The property is owner occupied on the warehouse space/ laydown yard and the second floor office. The first-floor office is leased to Dorchester County. Owner will sign a lease at closing to remain in the building.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Tax ID/APN: 129-00-00-039/040
Zoning: I - Industrial District
Year Built: 2007
Eave Height: 20
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,466 44,751 91,341
Median Age: 35.13 35.79 35.66
Households: 2,299 16,712 34,023

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