- James Island industrial property sells for $3.65 million.
- The 1.72-acre property includes three buildings and seven tenant suites.
- The fully occupied site includes boat and RV storage.
- An out-of-state buyer purchased the property in an all-cash deal.
Marcus & Millichap worked with the owners to sell 339 Fleming Road, an industrial property in Charleston, for $3.65 million.
“It’s a unique asset, generating income from both the flex buildings and outdoor storage,” Harrison Creason, managing director in Marcus & Millichap’s Charleston office, said in announcing the sale. “We received strong interest from the outset and ultimately closed with an out-of-state buyer who had been looking to invest in this area for quite some time. Small-bay flex-industrial and industrial outdoor storage are seeing strong investor demand as fundamentals continue to perform well in the Charleston MSA. For this asset specifically, the infill location drove the activity. It is difficult to find flex product and light-industrial-zoned property on James Island.”
Creason, Andrew Margulies, Tyler Brown and Cece Weiler of Marcus & Millichap exclusively marketed the property on behalf of the seller, Maull Holdings LLC, a local private ownership group, and procured an all-cash, out-of-state buyer, according to the announcement…