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$ 7,575,000
Est. payment /mo
New
1156 Drop Off DR Summerville, SC 29483
267,022 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 267,022 sqft
Price per Sqft $28
MLS Listing ID 31009776
Lot Size 6.130 Acres
Acres 6.13
Property Sub-Type Industrial
Property Description
1156 Drop Off Drive is a fully leased +/-34,500 SF flex industrial building on +/-6.13 acres in Summerville, SC. Built in 2021, it sits between the Jedburg Road and Nexton Parkway interchanges with immediate I-26 access. It is +/-9 miles from the Volvo Car Campus and about 20 minutes from Charleston International Airport, Boeing and the Port of Charleston. The building is 100% leased to five tenants on NNN leases, producing $492,218 in annual base rent, and four of the five leases include fixed annual escalations of 2.0%-3.5%. Features include 24' clear height, eight 14'x12' drive-in doors, 3-phase power, LED lighting, +/-60 parking spaces and Light Industrial zoning (Berkeley County). Offered at $7,575,000 ($220 PSF), a 6.50% cap rate on in-place income. Contact the listing team for the offering memorandum.
Location
State SC
County Berkeley
Zoning Berkeley - LI - Light Industrial
Listed by Jon-Michael Brock • Colliers International South C
Nearby School & Business
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