Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2018
Building Area
Occupancy 100.0 %

Property Description

Strategically positioned directly adjacent to I-26, the facility enjoys seamless access to I-95 to the west and I-85 to the north. Both interstates conveniently connect the property to its largest manufacturing clients (BMW & Daimler) with the majority of the supplied parts from the IFA building staying in South Carolina for final vehicle assembly. Featuring distinct tilt-up concrete construction and abundant glass lines, the fully-conditioned IFA building has been thoughtfully designed to accommodate a diverse set of uses. Moreover, the rear-loaded warehouse possesses a multitude of institutional qualities such as 32’ clear, ESFR sprinklers, LED lighting and 60 mil TPO roof with a 20-year warranty. Overall, the IFA building presents investors with the rare opportunity to acquire a trophy-quality, long-term investment in a prime industrial market.

Investment Highlights

  • On behalf of The Keith Corporation, Jones Lang LaSalle Americas, Inc.
  • (“JLL”) has been retained as the exclusive sales representative for
  • the IFA Rotorion (“IFA”) building – a 448,765 square foot state-of-the-art
  • manufacturing and distribution facility located in the rapidly expanding
  • Charleston, SC market. The Class A+ building is 100% leased to IFA Rotorion
  • – North America and features a fresh 20-year net lease with 1.75% annual
  • rent escalations. IFA is guaranteed by its parent company IFA Rotorion –
  • Holding GmbH, a market leading Tier 1 automotive supplier which reported
  • $763 million USD in 2018 revenues. Originally constructed as a build-tosuit
  • for IFA in 2018, the building serves as the company’s North American
  • headquarters and is currently being expanded to accommodate the growth
  • of its production capacity and the consolidation of operations into the facility.
  • From its location in Charleston Trade Center, IFA employs nearly 600 workers
  • and services its long-term contracts with name-brand customers such as
  • Daimler/Mercedes (Charleston), BMW (Greer), Volkswagen (Chattanooga),
  • Ford, GM, and Fiat-Chrysler.
Patrick Nally
Patrick Nally
Senior Director, Capital Markets
License details
NC-282053
David Andrews
Analyst

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