Listed by Sands Investment Group Austin
$4,650,000
Chugach - North Charleston, SC
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 19,500
Cap Rate 7.02%
NOI $326,625
Occupancy 100%
Tenancy Single
Brand/Tenant Chugach, Chugach Government Solutions
Lease Type NNN
Lease Term 13.5
Lease Expiration 02/28/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options None
Price per SqFt $238
Year Built 1983
Year Renovated 2025
Buildings 1
Acreage 1.520
Investment Type Net Lease
Lease Commencement 09/01/2017
Ground Lease No
Rare Charleston NNN Industrial | 7.02% CAP Rate | 3% Annual Increases | North Charleston, SC
Marketing description
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.
Investment highlights
- Strong Tenant: Chugach Government Solutions is one of the largest providers of construction, facilities management, technical, and education services supporting DoD and federal agencies worldwide. Chugach Government Solutions is a part of Chugach Alaska Corporation (CAC), which consistently ranks as one of the largest and highest-performing Alaska-based companies.
- Passive Lease Structure: Lease provides very limited landlord responsibilities and strong 3% annual rent escalations, making this a great opportunity for an investor looking for a hands-free passive investment.
- Recent Expansion: 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, further proving their long-term commitment to the location.
- Significant Tenant Investment: Over the years, the tenant has made significant capital investments in the building, including new flooring, new lighting, new HVAC systems, and interior office and lab space upgrades.
- Strategically Located: The Property is located in Pepperdam Industrial Park in North Charleston, the primary industrial submarket for the Charleston, SC MSA, and is highly accessible to I-26, which offers direct connectivity to Charleston's urban core, Mount Pleasant, and key regional distribution corridors. The area also benefits from proximity to the Port of Charleston and Charleston International Airport, supporting robust logistics and manufacturing activity.
- Strong Neighboring Tenants: Other nearby notable national tenants include XPO, United Rentals, Ryder, BrandSafway, Fastenal, Graybar, TruGreen, TruckPro, SCP, ServiceMaster, Ewing Supply, Ferguson Waterworks, and Grainger Industrial Supply.
Listing Contacts
Listed by Sands Investment Group Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$326,625.00
$27,218.75/mo
Valuation Metrics
0
DSCR
7.02%
Cap Rate
7.02%
ROI
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