Naval Annex | Phase 1

Industrial for Lease
Catylist Listing ID: 30791456
Property Subtypes: Flex Space, Light Industrial
Building Status: Under Construction
Contiguous Space: 2,755 - 8,265 SF
Gross Building Area: 11,020 SF
Gross Land Area: 3.08 Acres
Lease Rate: $17 PSF (Annual)
Base Monthly Rent: $11,708
Lease Types: NNN
In Opportunity Zone? Yes
Building Name: Naval Annex
Last Updated: 11/15/2022

Overview / Comments

This new development at 2671 Spruill Ave presents a great opportunity to occupy/acquire pristine flex space within the tight Charleston market. The Spruill Avenue corridor is at the precipice of robust growth, residing directly in the middle of well-established hotspots Park Circle and NoMo. And this is the chance to join the heart of it. The development is easily accessible, close to an abundance of amenities, and will feature modern, attractive, and customizable buildings. The project will be developed over two phases:

• Phase 1: 11,020 SF - Q3 2022 delivery
• Phase 2: 22,820 SF - Q2 2023 delivery

The entirety of square footage is available for lease now, and spaces are divisible down to 2,755 SF, providing flexibility for both small and large tenants.
Build-to-suits are also available at this development, and in this market, this option would present a more favorable investment than buying an expensive piece of land and developing. The build-outs can be very customizable depending on tenant requirements and considerations, and will be designed and constructed with high standards.

Expand All Available Space

Suite: Phase One | Suites 1-3 8,265 SF $17 PSF (Annual) NNN
Space Available: 8,265 SF
Minimum Divisible: 2,755 SF
Lease Rate: $17 PSF (Annual)
$11,708 (Monthly)
Lease Type: NNN
Date Available: 10/1/2022
Space Type: New

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 4660300157
Year Built: 2022

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,343 40,934 142,254
Median Age: 36.48 36.83 34.7
Households: 1,659 16,744 58,366
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