$8,400,000 | N/A beds | N/A full baths | N/A half baths | 48,000 sqft

$8,400,000 No Recent Price Change
7644 Southrail Rd
North Charleston, SC 29420
  • $175Price per SqFt
  • 48,000SqFt
  • 188Days on Market
  • N/AZoning
  • N/AYear Built
  • IndustrialUse
  • 4840000092Tax ID
  • MLS# 30796060
  • Commercial Sales
  • Industrial
  • Active

  • Approx Time on Market6 months, 5 days
  • AreaNorth Charleston/summerville Outside I-526
  • CountyDorchester
  • SubdivisionN/A

Overview

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, its 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 being16 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!


Building Info

Year Built Date:  2,007

Financial

Sale Terms:  Cash to Seller

Sale Price Max Total:  $8,400,000

Sale Price Min Total:  $8,200,000

Lot Info

Acres:  3.00

Landsize Units:  Acre

Misc

Use Type:  Net Leased Investment (NNN)

Zoning:  LI

Property Info

Msa:  Charleston-North Charleston

Title:  7644 southrail

County:  Dorchester

Property Subtype:  Flex Space, Mixed Use, Warehouse/Distribution

Sale / Lease Info

Sqft Info

Sqft:  48,000

Size Rentable Sf:  48,000

Tax Info

Taxing Authority:  Charleston county

Courtesy of listing office Excel Real Estate 

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On robertsonhowland.com since Fri, Apr 1st 2022
No Property History recorded for this listing.
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Commercial Sale/Lease: Copyright 2022 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 10-06-2022 10:05 PM EST est.

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