Dry Storage Warehouse on Fenced
For Sale
$3,900,000
1795 King Street Ext, Charleston, SC 29405
±120,000 SF dry storage warehouse on a ±1-acre partially fenced lot with access from two sides.
Property Size20,000 SF
Lot Size1.00 Acre
Price / SF$195
Days on Market210
Property Features for 1795 King Street Ext
General Information
Standard status
Active
Size
20,000 SF
Lot size
1.00 Acre
Property subtype
Industrial - Warehouse/Distribution
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Building Details
Building Size
20,000 SF
Listing Agency:
NAI Charleston
Listed By:
Sarah Shelley · License #106142
(843) 458-0607
Source:
Commercialcafe
Added: Mar 27
Changed: Oct 21
Last Checked: Oct 20 at 5:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Charleston
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Investment Insights
Based on property information with market context.
±120,000 SF warehouse/dry storage facility set on a ±1-acre partially fenced lot. The building is accessible from two sides, supporting flexible delivery and staging.
The property is located on Charleston’s upper peninsula off King Street Extension, adjacent to the Magnolia redevelopment tract. It is described as minutes away from the new Hugh Leatherman terminal, with close proximity to I-26 and downtown Charleston.
This offering presents a straightforward warehouse configuration for occupants seeking dry storage space with multi-side access and an enclosed exterior footprint.
The property is located on Charleston’s upper peninsula off King Street Extension, adjacent to the Magnolia redevelopment tract. It is described as minutes away from the new Hugh Leatherman terminal, with close proximity to I-26 and downtown Charleston.
This offering presents a straightforward warehouse configuration for occupants seeking dry storage space with multi-side access and an enclosed exterior footprint.
Key Highlights
- ±120,000 SF warehouse/dry storage facility on Charleston’s upper peninsula, off King Street Extension
- Located adjacent to the Magnolia redevelopment tract
- Minutes from the new Hugh Leatherman terminal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,670
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,253,400
$5.3M
Cap Rate 7%
$3,752,429
$3.8M
Cap Rate 9%
$2,918,556
$2.9M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$355.2K $17.76/SF
− Vacancy
−$46.2K −$2.31/SF
EGI
$309.0K $15.45/SF
− OpEx
−$46.4K −$2.32/SF
NOI
$262.7K $13.13/SF
Area
Charleston, SC
Vacancy
13.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,253,400
Cap Rate 7%
$3,752,429
Cap Rate 9%
$2,918,556
Alternative Uses
Best Use
Warehouse
$3.75M
$3.28M – $4.38M
NOI $262,670 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$3.09M
$2.70M – $3.61M
NOI $216,317 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$5.41M
$4.74M – $6.31M
NOI $378,864 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29405, SC
25,620
Population
13,058
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$54,566
Median Household Income
$35,887
Median Earnings
$1,196
Median Rent
$266,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Charleston, SC
Similar Off Market Nearby
- Extra Space Storage — 2118 Heriot St, Charleston, SC 29403
- Life Storage — 1540 Meeting Street Rd, Charleston, SC 29405
- Royal Marine Packing — 2006 Cherry Hill Ln, Charleston, SC 29405
- Nilson Van & Storage — 2017 Pittsburgh Ave, Charleston, SC 29405
Frequently Asked Questions
What type of property is this?
Warehouse - ±120,000 SF dry storage warehouse on a ±1-acre partially fenced lot with access from two sides.
Where is this warehouse located?
The property is located at 1795 King Street Ext Charleston, SC.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: ±120,000 SF warehouse/dry storage facility on Charleston’s upper peninsula, off King Street Extension; Located adjacent to the Magnolia redevelopment tract; Minutes from the new Hugh Leatherman terminal
