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$ 24,950,000
Est. payment /mo
Active
4221 Faber Place DR North Charleston, SC 29405
158,994 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 158,994 sqft
Price per Sqft $156
MLS Listing ID 31007334
Year Built 1999
Lot Size 3.650 Acres
Acres 3.65
Property Sub-Type Office
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.
Location
State SC
County Charleston
Zoning City of North Charleston - M-1 - Light Industrial District
Listed by Charles Carmody • CBRE, Inc
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