7384-7392 Industry Dr - Light Distribution FOR SALE
North Charleston, SC 29418 |
$4,650,000 USD
512-910-2665
7384-7392 Industry Dr
North Charleston, SC 29418
HIGHLIGHTS
- Chugach Government Solutions is one of the largest providers of construction, facilities management, technical, and education services supporting DoD.
- Lease provides very limited landlord responsibilities and strong 3% annual rent escalations, making this a great opportunity for an investor.
- The tenant recently extended their lease early and expanded at the site. After the expansion, the tenant now takes up the entirety of the building.
- Over the years, the tenant has made significant capital investments in the building, including new flooring, new lighting, new HVAC systems.
- The Property is located in Pepperdam Industrial Park in North Charleston, the primary industrial submarket for the Charleston, SC MSA.
- Other nearby notable national tenants include XPO, United Rentals, Ryder, BrandSafway, Fastenal, Graybar, TruGreen, TruckPro, SCP, ServiceMaster Etc.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 19,500 SF Chugach Government Solutions facility located at 7384 - 7392 Industry Drive in North Charleston, South Carolina. The property is secured by a lease that offers very limited landlord responsibilities along with strong 3% annual rent escalations, providing stable and growing income. This structure creates an excellent opportunity for investors seeking a hands-free, passive investment leased by a leading government contractor tenant, making it a highly attractive and unique investment offering.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
FOR SALE DETAILS
PRICE
$4,650,000 USD
PRICE/SF
$238 USD /SF
CAP RATE
7.02%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chugach Government Solutions
PROPERTY TYPE
Flex
PROPERTY SUBTYPE
Light Distribution
ADD'L SUBTYPES
Distribution, Manufacturing, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
UTILITIES
Lighting - Halogen, Water - City, Sewer - City, Heating - Electric
CLEAR CEILING HT
16 Ft
DOCKS
3
DRIVE INS
2
PARKING SPACES
26
LAND DETAILS
LAND ACRES
1.52
LAND SF
66,211
ZONING
Industrial
APN/PARCEL ID
397-00-00-035
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512-910-2665
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512-910-2665
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