For Sale
$4,250,000

3335 Business CirNorth Charleston, SC 29418

Three-building flex/warehouse complex, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of three flex/warehouse buildings totaling 17,667 square feet situated on a 2.06-acre lot in North Charleston, South Carolina. The property, built in 2010 and renovated in 2023, is zoned M-1 (Light Industrial District) within the City of North Charleston and features a mix of office and climate-controlled warehouse space across three separate buildings: 2,846 square feet, 3,500 square feet, and 11,321 square feet. Each building is currently under a triple-net (NNN) lease, generating a substantial net operating income (NOI) of $248,746. The asking price is $4,250,000, translating to $240.56 per square foot. The property boasts ample parking and laydown area, with potential for future development, including approved plans for an additional 13,000 square feet of flex space. Its prime location offers easy access to major transportation arteries, including I-26, Dorchester Road, and Ashley Phosphate Road, as well as proximity to Charleston International Airport. Current tenants include Allegiance Flag Supply (11,321 sq ft, currently paying $12.50 NNN, lease expiring in 3 years, seeking sublease tenant), Charleston Tent Co (2,846 sq ft, paying $15.50 NNN), and College Hunks Hauling Junk and Moving (3,500 sq ft, paying $18.49 NNN). This property is ideal for investors seeking strong cash flow from a well-located industrial asset. The property's APN is 397-00-00-184.

Highlights

  • Three-building flex/warehouse portfolio totaling 17,667 square feet on a 2.06-acre lot in North Charleston, SC.
  • 2010 construction, renovated in 2023, M-1 zoning.
  • Triple-net (NNN) leased, generating $248,746 NOI.
  • Asking price: $4,250,000 ($240.56/SF).
  • Ample parking, laydown area, approved plans for 13,000 SF expansion.
  • Prime location near I-26, Dorchester Rd, Ashley Phosphate Rd, and Charleston International Airport.

Property Details for 3335 Business Cir

Property type
Warehouses, Industrial properties
Square Feet
17,667 SF
Year Built/Renovated
2010/2023
Buildings
3
Lot Size (sq. ft)
89,734 SF
Units
3

Location Insight

City
North Charleston
County
Charleston
State
South Carolina
Latitude
32.9214959
Longitude
-80.0717063
3335 Business Cir, North Charleston, South Carolina

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3335 Business Cir
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