10210 US-78, Ladson, SC 29456
Marcus & Millichap is pleased to exclusively represent a rare investment opportunity located at 10210 Highway 78, Ladson SC, (Charleston, SC MSA)a highly sought after Port market with low vacancy. The subject property is a 40,000 square foot industrial warehouse on 18.06 acres (5.92 acres Highlands) built in 2017 and finished to suit for ABC Supply Company, Inc. The 15-year NN lease commenced in January 2018 and has 12 years remaining on the initial term with (2) five-year optional renewal periods. Annual 2.5% rent escalations provide an inflation hedge. This investment is a unique opportunity to acquire a privately owned, credit rated tenant (S&PRated: BB- ). ABC Supply Company, Inc. is a $12B+ revenue company and is the leading wholesale provider of roofing and siding in the United States with nearly 800 locations in 49 states. The building is constructed of insulated steel with a steel roof featuring 10% GLA of Office buildout and 90% GLA of warehouse space. Column spacing is clear span. Clear height at the center is 28’ (24’ at eaves). Four Drive In Doors and Three Docks with Levelers plus outdoor yard storage allow ease of load in load out for contractors. The property offers two points of ingress/egress one entry along Royle Road and another off of Highway 78. Ideally situated within the Charleston, SC MSA ( 74th Largest MSA in US) with a Population of 802,122, benefits from ease of access to I-26 and I-526 (connecting beltway). It also enjoys close proximity to the Charleston International Airport and the five South Carolina State Port Authority ocean shipping terminals. The nearby area has experienced a fast paced 20% population growth within 5 miles since 2010 and maintains an affluent, Average Household Income of $79,835.
License(s): SC: 39872
South Carolina
Marcus & Millichap is pleased to exclusively represent a rare investment opportunity located at 10210 Highway 78, Ladson SC, (Charleston, SC MSA)a highly sought after Port market with low vacancy. The subject property is a 40,000 square foot industrial warehouse on 18.06 acres (5.92 acres Highlands) built in 2017 and finished to suit for ABC Supply Company, Inc. The 15-year NN lease commenced in January 2018 and has 12 years remaining on the initial term with (2) five-year optional renewal periods. Annual 2.5% rent escalations provide an inflation hedge. This investment is a unique opportunity to acquire a privately owned, credit rated tenant (S&PRated: BB- ). ABC Supply Company, Inc. is a $12B+ revenue company and is the leading wholesale provider of roofing and siding in the United States with nearly 800 locations in 49 states. The building is constructed of insulated steel with a steel roof featuring 10% GLA of Office buildout and 90% GLA of warehouse space. Column spacing is clear span. Clear height at the center is 28’ (24’ at eaves). Four Drive In Doors and Three Docks with Levelers plus outdoor yard storage allow ease of load in load out for contractors. The property offers two points of ingress/egress one entry along Royle Road and another off of Highway 78. Ideally situated within the Charleston, SC MSA ( 74th Largest MSA in US) with a Population of 802,122, benefits from ease of access to I-26 and I-526 (connecting beltway). It also enjoys close proximity to the Charleston International Airport and the five South Carolina State Port Authority ocean shipping terminals. The nearby area has experienced a fast paced 20% population growth within 5 miles since 2010 and maintains an affluent, Average Household Income of $79,835.
License(s): SC: 39872
South Carolina
