Address4221 Faber Pl Dr, North Charleston, SC, 29405

Price$19,200,000

  • Commercial Sale
  • 56,400 SQ FT

4221 Faber Place Drive is a 56,400 SF single tenant FDA validated sterile clean drug manufacturing facility. The Tenant is Alcami Carolinas Corporation. They provide small batch drug manufacturing and testing for drug developments. The FDA approval is extremely hard and expensive to obtain. The lease is NNN at a current in place rent of $960,000 per year ($80,000 per month). The cap rate is 5.0% for an offering price of $19,200,000. The tenant has been in the building since 1999 and has expanded twice, just completing its last 2,400 SF expansion in 2021. The current lease term commenced April 1, 2021 for a 20 year term that will expire March 31, 2041. The tenant has one five year option to renew. The rents increase every two years by the lesser of the cumulative increase in the CPI every two years or 5.5%. The next rent increase will occur on April 1, 2023.

Essential Information

  • MLS® #30786783
  • Price$19,200,000
  • Square Footage56,400
  • Acres3.65
  • Price/SqFt$340 USD
  • TypeCommercial Sale
  • StatusActive

Community Information

  • Address4221 Faber Pl Dr
  • CityNorth Charleston
  • CountyCharleston
  • StateSC
  • Zip Code29405

Area

N.Chas./Summerville outside I-526

Listing Details

  • OfficeCBRE, Inc
Please provide a valid email address.

Charleston Trident Association of Realtors Logo The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than NV Realty Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2023 Charleston Trident Multiple Listing Service, Inc. All rights reserved.

TOP