4221 Faber Place Dr
North Charleston, SC 29405
Michael P Araneo Building · Office Property For Sale

4221 Faber Place Drive offers investors the opportunity to acquire a single-tenant, absolute NNN life sciences and pharmaceutical manufacturing facility located within the Charleston market. The property consists of approximately 56,400 square feet on 3.65 acres and is occupied by Alcami Carolinas Corporation, a global pharmaceutical contract development and manufacturing organization with operations across the United States and Europe.
Purpose-built for specialized pharmaceutical operations, the facility serves as an FDA-validated sterile manufacturing location supporting small-batch drug development, testing, and production. The tenant has demonstrated a long-term commitment to the property, occupying the facility since its completion in 1999 and funding multiple capital improvements, including building expansions, roof replacement, HVAC upgrades, and parking lot improvements. Recent tenant-funded expansions increased the building size from the original 48,000 square feet to approximately 56,400 square feet.
The current absolute NNN lease commenced April 1, 2021 and extends through March 31, 2041, providing approximately sixteen years of remaining lease term as of 2025. Rental increases occur every two years based on the lesser of cumulative CPI growth or 5.5%, creating a structured growth component within the income stream. Current annual rent is reported at $1,068,504.
Located within Charleston's established commercial and industrial corridor, the property benefits from proximity to Charleston International Airport, the Port of Charleston's Veterans Terminal, major employers, and regional transportation infrastructure. The combination of a specialized facility, long-term occupancy history, tenant investment in the asset, and contractual rent growth positions the property as a long-term net lease investment opportunity.