Centerpoint Portfolio
1020 Northpointe Industrial and 5801 N Rhett , Hanahan , SC 29410
$105,800,000
Price
816000
Building SF
$0
Price Per SF
0
Land SF
Investment Opportunity
Project Summary
• Strategic infill acquisition in one of the Southeast's strongest industrial markets • Value-add opportunity: lease-up of vacant units to market rents ($9.50–$11.50 PSF NNN) splitting the larger vacant units to 30,000 SF units. • Two existing tenants (Main Ocean and GXO) provide near-term income during lease-up • Stabilized NOI of ~$7.5M targeted by Year 3 on a 5.4% exit cap rate • 5-year hold with projected + 18.2% levered IRR and 2.81x equity multiple • $ 100,000 per share investment opportunity. Portfolio Address 5801 N. Rhett Ave, Hanahan, SC | 1020 Northpointe Industrial Rd, Goose Creek, SC Total Rentable Area 816,725 SF (3 buildings) Property Type Industrial — Warehouse / Distribution / Light Manufacturing Buyer NCP Capital, LLC/Obelisk Real Estate partners Acquisition Date (Projected) June 2026 Year Built Various (existing Class A/B industrial) Additional Land Area Approximately 6 acres trailer storage included Current Occupancy ~62% occupied
Charleston Industrial Market
The industrial market of Charleston, South Carolina, where the Port of Charleston's expansion and strategic location attract manufacturing, logistics, and distribution giants. The newly opened Hugh K. Leatherman Terminal has revolutionized port capacity, drawing in massive East Coast logistics volume and shifting the industry's focus away from the West Coast. With immediate access to I-526 and I-26, connecting to major distribution corridors, properties at 5801 N. Rhett and 1020 Northpointe offer unparalleled interstate access for time-sensitive industrial operations. Benefit from a robust industrial workforce base supported by industry giants like Boeing, Mercedes-Benz Vans, and Volvo, making this investment a cornerstone for ROI-driven buyers.
The Charleston industrial market, totaling a 107,015,885 SF, with a vacancy rate of 13.1% and a year-end net absorption of 997,650 SF. With 1,012,735 SF under construction and a significant portion of new leasing concentrated in North Charleston and Berkeley County, the industrial landscape is ripe for growth and profit. In the North Charleston/Hanah submarket, boasting 35,381,447 SF, the vacancy rate sits at 9.7%, showcasing the region's resilience and potential for investors seeking a lucrative return on their industrial property ventures.
Charleston, SC
Market inefficiency potential of Charleston, the largest city in South Carolina, with a staggering 46% growth since 2000. With the current population nearing 800,000 residents and projected to surpass 1 million by 2030, Charleston boasts the third fastest growing labor market in the nation as of 2024, following only Boise, Idaho, and Central Valley California.
Uncover the diverse economic landscape of Charleston, where a mix of industries including U.S. Military, defense contractors, the Port of Charleston, tourism, healthcare, automotive, aerospace, life sciences, and logistics thrive. Home to major players like Boeing, Volvo, Mercedes-Benz, Blackbaud, and BEHR, Charleston offers an attractive cost of living alongside a robust economy. Accessible via the vital I-26 highway, linking Charleston to key cities like Columbia, Greenville-Spartanburg, and Charlotte, this property presents a prime investment opportunity for those seeking a high ROI in a rapidly expanding market.
Distribution and Fee Summary
INVESTMENT AMOUNT A limited liability company (LLC) will be created to own the property investment membership units in $100,000 increments. ACQUISITION DATE The transaction will close June, 2026. DISTRIBUTION OF CASH FLOW The Sponsor will distribute, subject to availability, all net operation cash flow on a quarterly basis. However, the Sponsor may retain funds in amounts necessary to pay accrued expenses and to establish and maintain an appropriate operating reserve for expenses, capital improvements, and contingencies, as determined by Sponsor. Distributions Will be Allocated as Follows: First: 100% to the investors until each has received an 8% annual cumulative return on its unreturned capital. Second: 100% to return to each investor in unreturned invested capital. Third: 70% to all investors and 30% to the Sponsor, until all proceeds are distributed.
Jeff Nickol
Principal
(404) 580-4996
jnickol@ncpcap.com
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