Clements Ferry Corridor Investment Property

Industrial for Sale
Catylist Listing ID: 30662950
Property Subtypes: Flex Space, Mixed Use, Net Leased, Office Showroom, Warehouse/Distribution
Building Size (RSF): 12,900 SF
Gross Land Area: 0.97 Acres
Sale Price: $1,550,000
Unit Price: $120.16 PSF
Ceiling: 24 ft.
Docks/Doors: 4 Doors
Office SF: 3,000 SF
Drive In Bays: 4 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Carolina Lanterns/Lowcountry Lighting
Usable Size (USF): 12,900 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 11/29/2020

Overview / Comments

Terrific property located in the center of the explosive growth corridor at Clements Ferry Road. Two buildings, fully leased, featuring fresh lease agreements with solid Tenants, this property represents great opportunity for investment buyers.
Building #1 is 10,500SF, Steel frame construction, with office, restrooms, storage as well as multiple loading and drive-in door access.
Building #2 is 2400SF well-appointed offices plus warehouse space, beautifully up fit with high-end mouldings and finishes.

Current Tenants

Tenant Business Name Carolina Lanterns and Lowcountry Lighting
Tenant Business Name Coastal Cottages

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 78 - Wando/Cainhoy Area
Taxing Authority: Berkeley County
Tax ID/APN: 267-00-00-101
Zoning: GC - General Commercial District
Property Located Between: I-526 and new development at Cainhoy Plantation
Highway Access: Clements Ferry Road, I-526, I-26, US HWY 17
Airports: Charleston International
Site Description: Easy access, high visibility.
Area Description: Dynamic area of rapid growth combined with solid base of mature manufacturing and distribution businesses. Close proximity to both I-526 as well as Daniel Island. The unfolding of nearby Cainhoy Plantation will offer exciting potential with thousands of homes, adjacent to multi-family, retail, and office development.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 12,900 SF
Property Condition: Excellent
Year Built: 2003
Year Renovated: 2019
Construction/Siding: Steel Frame
Exterior Description: Masonry/Stucco fronts and streetside elevations, steel panels , doors and trim.
Parking Type: Surface
Total Parking Spaces: 18
Eave Height: 18
Column Spacing: N/A
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Lighting: LED, Fluorescent, Incandescent
Interior Description: Well-finished offices and restrooms; warehouse insulated but unfinished.
Lot Frontage: 400 approx
Lot Depth: 100 approx
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,744 54,429
Median Age: 36.46 34.7
Households: 1,032 21,308
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