7644 Southrail Rd North Charleston SC 29420

$8,400,000Listing # 30796060

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With leases now signing at $14 psf, NNN, this property, with the asking of $8 million, is about an 8 cap. With the current rate increases already signed, it’s already about a 6 cap. Flex space, zones North Charleston M-1. Fully occupied with an average term of $10 a sqft annually, NNN. The average lease rate in the area is approximately $14 psf. 4 detached buildings, 12,000 sqft each; first one is lower height and doors, being 12 foot clearance, 20 foot ceiling height with 12X10 doors; the other three being 16 foot clearance height with 23 foot sloped ceilings and 16x30 doors. Situated on 3 acres, for ample parking, conveniently located off Ashley Phosphate and near Palmetto commerce. Site is fully fenced.New leases are signed at $14 psf, nnn. The add in value isn't a theory or estimate, it''s proven!

Basic Features

  • Acres: 3
  • Area: North Charleston/Summerville Outside I-526
  • City Name: North Charleston
  • County: Dorchester
  • State: SC
  • Property Type: Industrial
  • Postal Code: 29420
  • Square Feet: 48000

Additional Features

  • Date Modified: 2022-09-20T08:28:04
  • Landsize Units: AcreAcre
  • Property Status: Existing
  • Status: Active
  • Sale Price Min: $8,200,000
  • Sale Price Min Total: $8,200,000
  • Tax Id: 4840000092
  • Title: 7644 southrail
  • Zoning: LI

Property Subtype

  • Flex Space
  • Mixed Use
  • Warehouse/Distribution
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