Single Tenant Investment Opportunity

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30376006
Property Subtypes: Flex Space, Manufacturing, Net Leased
Status: Pending/Contingent
Building Size (RSF): 42,637 SF
Gross Building Area: See Agent
Sale Price: $5,175,000
Unit Price: $121.37 PSF
Ceiling: 20 ft. Clear
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Other
Cap Rate: 7.0%
Last Updated: 7/25/2019

Overview / Comments

5914 and 5918 Howard Street are two buildings with a total of 42,637 square feet situated on 2.39 acres with an additional 0.67 acres of undeveloped land in Hanahan, SC. These industrial warehouse properties are fully conditioned with state-of-the-art office space security in place. These warehouses accommodate the most sophisticated electronics production facility.

A 10-year lease in place with UEC Electronics, LLC a subsidiary of Arotech Corporation (NasdaqGM: ARTX) expiring December 31, 2028.

Attachments & Media

Current Tenants

Tenant Business Name UEC Electronics, LLC
Tenant Notes UEC Electronics, LLC, a subsidiary of Arotech Corporation (NasdaqGM: ARTX) is a limited liability company organized and existing under the laws of the State of South Carolina. It offers comprehensive solutions in engineering design, product development, rapid prototyping, and lean, innovative manufacturing services. The Charleston campus encompasses over 42,000 square feet of engineering, integration, production, and testing facilities. UEC is ISO 9001:2015 and AS9100D certified. UEC is also appraised at CMMI-Development Maturity Level 3. They are a graduate of the Navy’s MTAPP (Manufacturing Technical Assistance Production Program)-The Next Generation and the DSTARR (Defense Small Business Technology Readiness Resource) Program. UEC successfully completed the DoD Mentor-Protégé program as a protégé to the Raytheon Company, and was awarded the prestigious Nunn-Perry award for achievements made in the program.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 71 - Hanahan Area
Tax ID/APN: 265-15-06-028; 265-15-06-029
Zoning: GC - General Commercial District
Area Description: Located off of Remount Road in Hanahan, South Carolina, the property provides direct access to I-526 and I-26, the two major interstates serving the tri-county area, and is within minutes from the Charleston International Airport.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 2009
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 80
Eave Height: 146
Sprinklers: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,322 47,947 119,599
Median Age: 34.79 32.15 32.89
Households: 3,974 18,212 45,702
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