4221 Faber Place Drive | North Charleston | $24,950,000

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4221 Faber Place Drive North Charleston, SC 29405 $24,950,000

56,400 SQ. FT.

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4221 Faber Place DriveNorth Charleston, SC 29405

For SALE Business ACTIVE

$24,950,000

EST. 62,804.97/MO CALCULATE

56,400 SQ. FT.

Property Description

4221 Faber Place Drive is a 56,400 SF single tenant FDA validated sterile clean drug manufacturing facility. The tenant is the Alcami Carolinas Corporation. They perform small batch drug manufacturing and testing for drug research and development. The FDA approval is extremely difficult and expensive to obtain. The lease is NNN at a current annual rent of $1,068,504 per year = $89,042 per month. The tenant has been in the building since 1999. The current leaase term runs to March 31, 2041. The tenant has one five year option to renew. The NNN rent increases every two years by the lesser of the cumulative increase in the CPI or 5.5%, The next rent increase will occur on April 1, 2027.

Property Details

MLS ID31007334
Property TypeCommercial - Office
ClassClass A
Current UseHigh Tech
Days on Site206
Existing Lease TypeNNN
Lot Size3.65 Acres
Parcel Number4100000034
Year Built1999
ZoningCity of North Charleston - M-1 - Light Industrial District
acres3.65

Listed By / Shown By

Listed By

Agency Name: CBRE, Inc

SCCMLS

Shown By

Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016

SCCMLS

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4221 Faber Place Drive

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