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- LoopNet Team
4221 Faber Place Dr
North Charleston, SC 29405
Michael P Araneo Building · Office Property For Sale
PROPERTY FACTS
Amenities
- Bus Line
- Signage
About 4221 Faber Place Dr , North Charleston, SC 29405
4221 Faber Place Drive is a 48,000 SF FDA validated sterile pharmaceutical manufacturing and testing facility on 3.65 acres in Faber Place Executive Park. The property is NNN leased under an absolute triple net lease for a term of ten years from the dale of sale. The in-place current Net income is $793,201.20 = $66,100.10 per month. The rent increases every two years by the lesser of the increase in the cumulative CPI or 5.5%. The next rent increase is July 1, 2018. The tenant has just signed a contract to replace the roof for $250,000 and has just recently expanded the parking lot. Tenant is the Alcami Corporation. DO NOT DISTURB TENANT. Located in the Executive Park at Faber Place just off of Leeds Avenue at I-526.
PROPERTY TAXES
| Parcel Number | 410-00-00-034 | Improvements Assessment | $14,927,943 |
| Land Assessment | $1,133,976 | Total Assessment | $16,061,919 |
PROPERTY TAXES
