Industrial Investment Opportunity Brand New +/-34,000 SF Facility

Industrial for Sale
Catylist Listing ID: 30758237
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial
Building Status: Under Construction
Building Size (RSF): 34,500 SF
Gross Land Area: 6.13 Acres
Sale Price: $5,175,000
Unit Price: $150 PSF
Ceiling: 24 ft. Clear
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 30
Last Updated: 9/20/2021

Overview / Comments

1156 Drop Off Drive in Summerville, SC. This industrial “flex” facility is currently in lease-up phase and consists of a free-standing ±34,500 SF building on ±6.13 acres between Jedburg Road and Nexton Parkway interchanges with excellent visibility and accessibility to I-26.

This offering includes new construction, a flexible leasing plan, and a strong corporate tenant in place. 1156 Drop Off Drive is a great opportunity to purchase a flex/industrial rental property in the booming Charleston industrial market.

Opportunity to own in the prime Nexton/ Summerville area

Brand new, free-standing flex building with eight 10’ x 12’ ground level drive-in doors, 24’ clear ceiling height, 3 phase power & ESFR sprinkler system

First unit (10,000 SF) leased to a national credit tenant

Excellent owner/occupant opportunity with existing income-producing tenant

I-26 interstate visibility with easy access

9 miles from Volvo’s Camp Hall, 15 minutes from Walmart Distribution Center, & 20 min from the airport, Boeing & all port terminals

Flexible leasing options for the remainder of building with strong interest from active tenants in the market

Current Tenants

Tenant Business Name Capital Electric Supply
Industry Type Utilities
Is Renting? Yes

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 74 - Jedburg Rd-Black Tom-Hwy.17a-Col.Pk.
Tax ID/APN: 207-00-02-121
Zoning: LI - Light Industrial District
Highway Access: Located along Drop Off Drive just south of Jedburg Road in Summerville. Just over 1 mile from I-26 (Exit 194)
Site Description: Brand new, free-standing flex building with 10’ x 12’ ground level drive-in doors, 24’ clear ceiling height, 3 phase power & ESFR sprinkler system Stable investment with a national tenant Potential owner/occupant deal with additional income producing tenants
Area Description: Opportunity to own in the prime Nexton/Summerville area
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 2020
Construction/Siding: Metal Siding
Parking Type: Surface
Eave Height: 20
Sprinklers: Other
X-Phase: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,880 17,257 65,321
Median Age: 30.07 35.82 35.47
Households: 1,418 6,431 23,867


Photograph of Listing Agent

Sarah B Shelley

NAI Charleston, LLC SCCMLS Member
Photograph of Listing Agent

Dexter C Rumsey, IV

NAI Charleston, LLC SCCMLS Member
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