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4240 Meeting Street RD North Charleston, SC 29405
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 31009574
Year Built 1980
Property Sub-Type Industrial
Property Description
Sale includes 2 detached flex warehouse buildings on 1 parcel. Both buildings were extensively renovated in 2023 and are now stabilized with triple net commercial leases in place. Renovations include all new metal roofs, updated metal siding, new glass storefronts, new paint schemes and address numbering, asphalt patched/sealed, new offices and restrooms in each building with new HVAC and electrical/plumbing fixtures, flooring, sheetrock, etc. Includes roughly 20 parking spaces (10 per building). Unit 100, fronting Meeting Street Rd, is leased through April 30, 2027 at $17.14/sq ft + NNN to a landscaping contractor. Unit 200 is behind unit 100 and is leased to national tenant ITG Communications (national broadband and telecom infrastructure contractor operating in 39 states) who just renewed for 3 years at $19/sq ft + NNN with 3% annual increases. The upcoming expiration of unit 100's lease allows a buyer to increase rents next year, or occupy as an owner-user with a strong national long term tenant in the back.
Location
State SC
County Charleston
Zoning City of North Charleston - B-2 - General Business District
Exterior
Parking Features Surface
Garage Spaces 20.0
Building
Sewer Public Sewer
Water Public
Listed by John Blanks • Atlantic Real Estate Services,
Nearby School & Business
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