1133 Cainhoy Rd 12,000 SF 80% Leased Industrial Building Charleston, SC 29492 $3,500,000 ($291.67/SF) 6.17% Cap Rate

Cash Cow! Brings in $21,000 a month when fully leased, one unit (half the building)vacant for use or to lease 6000 sq ft plus a 500 sq ft mezzanine that rents for $8000. Or you divide the space up by adding walls. 12,000 sq ft building sitting on 2.13 acres surrounded by massive changes to the surrounding area with homes and storefronts being built everywhere, major potential for growth.
Currently 3 units rent for a combined $8000. A small office and 15 trailer parking spots rent for $3000 on the lay down land and the other lay down land rents for $2000. Tenants have all been there for 3 years and would love to sign long term leases.
12,000 SF total. Any tenants without a lease would need 2-3 months before vacating, but would also be willing to stay in place. Current income is $13,000 per month without the larger space being rented out - $21,000 NNN is the total income with all spaces leased.