For Lease 7409 Magi Road Hanahan, South Carolina Located in North Pointe Business Campus ±91,000 s.f. industrial building Class A space Gated truck court and secure building access Central location within Charleston MSA Close proximity to Port of Charleston For more information, contact: Lee Allen Managing Director, Industrial JLL Charleston lee.allen@am.jll.com +1 843 805 5111 +1 843 566 2064 Kevin Coats Associate Broker, Industrial JLL Charleston kevin.coats@am.jll.com +1 843 805 5112 +1 434 760 0863 www.jll.com/charleston 1
Capitalize on a centralized location, existing infrastructure, and Class A construction - 7409 Magi Road in Hanahan, South Carolina provides tenants the opportunity to have more. This ±91,000 s.f. industrial facility recently served as FedEx s ground distribution center and comes equipped with 29 dock doors, 10 van-high doors, and 4 drive-in-doors. 7409 Magi Road is a secure facility for warehousing and distribution needs with a gated truck court and employee parking lot. Located in the North Pointe Business Campus in Berkeley County, 7409 Magi Road is within 20 miles of downtown Charleston, the Charleston International Airport, Boeing 787 Dreamliner final assembly facility, Daimler and Volvo, as well as all the Port of Charleston terminals. With the Charleston MSA growing by nearly three times the national average at 11.5% between 2010 2015, the area is home to some of the fastest growing municipalities in the nation. Berkeley County is developing some of the largest master planned communities in the state and continues to offer strong business incentives all to attract and retain residents and businesses. 2 3
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Property Specifications Lot Size Building Size 15.23 acres 91,720 s.f. Year Built 2004 Warehouse s.f. Office s.f. 87,593 s.f. 4,127 s.f. Building Dimensions 218 4 x 458 4 Warehouse space Building exterior Ceiling height (eaves) Ceiling height (centerline) Ceiling Type 24 28 6 Warehouse: exposed to roof Offices: acoustic ceiling tiles Column Spacing Various (general: 48 x 42 ) Floor Lighting Loading Docks Dock comments Loading Drive-ins Concrete with sealer T5 lighting w/ some drop task lighting East side: (10) van high (5 x8 ) South side: (28) docks (8 x9 ) North side: (1) dock door (8 x9 ) All docks have dock lights, bumpers, shelters, awnings, and fans North side: (4) 14 x16 ) Dock-high doors Drive in door Reception Truck court depth 150 Parking: auto 182 total spaces Parking: trailer Parking: van 43 total spaces 17 total spaces Power 1200 AMP 3phase 480/277v Heat Office and warehouse Air conditioning 100% of office Sprinklers Dry system Ventilation (6) Big Ass Fans & Louvres Loading/unloading dock stations Office space Security Site fully fenced with LED lighting Security gate from employee parking lot 6 7
Site Plan 7409 Magi Road Hanahan, South Carolina 8 9
Floor Plan 7409 Magi Road Hanahan, South Carolina 10 11
Elevations 7409 Magi Road Hanahan, South Carolina 12 13
7409 Magi Road Locational map Economic Drivers Distance to 7409 Magi Road (miles) North Charleston 5.7 Navy Base Intermodal Facility (under construction) Boeing plant 9.4 Charleston International Airport 8 9.5 Daimler facility 11.5 Hugh Leatherman (proposed) Carnes Crossroads Development 11.8 Nexton Development 12.4 Sheep Island Interchange (under construction) 12 14.3 Columbus Street 14.5 Volvo Plant Sheep Island Interchange Nexton Development Summerville Daimler Plant Cane Bay Development Carnes Crossroads Development Ladson Goose Creek Charleston Internationa Airport Boeing Plant Moncks Corner North Charleston West Ashley 7409 Magi Road Hanahan North Charleston Port Navy Base Intermodal Facility Hugh Leatherman Daniel Island Columbus Street Wando Welch Mount Pleasant Wando Welch 14.7 Union Pier 15.4 Cane Bay Development 17.1 Downtown Charleston Union Pier Volvo plant (under construction) Distances calculated by Google Maps 26.5 James Island 14 15
Port of Charleston Capital Improvement Plan The South Carolina Port Authority and the State of South Carolina are currently executing a $2 billion capital improvement plan for the state s coastal and inland port systems. To keep up with current industry trends, this capital improvement plan is to ensure the South Carolina ports and terminals have the required technology and capacity for larger ships and growing shipping companies. Below is a summary of the Port of Charleston capital improvement plan: New container terminal Phase 1 Inland port improvements Other infrastructure & IT projects Harbor deepening to 52 Port access road from I-26 New dual access intermodal railhead Total CAPEX commitment $700 million $50 million $600 million $300 million $225 million $250 million $2 billion South Carolina Ports Authority State of South Carolina Harbor Deepening Project On June 26, 2016 the world s largest container ship completed its first voyage through the newly expanded Panama Canal. This $52 billion expansion project doubled the Canal s shipping capacity and provided service to the largest container ships to reach the East Coast ports in shorter time. The Port of Charleston is capitalizing on the Panama Canal expansion. The current depth of the Charleston harbor is 45 and the harbor entrance is 47 during mean low tide. With current tidal restrictions, the port can serve 16 post-panamax vessels per week. To meet the depth requirements of the largest container ships that call into Charleston, the harbor is being deepened to 52 which will allow all post-panamax ships to be served 24 hours a day. The deepening project is expected to be complete by the end of the decade. Once completed, the Port of Charleston will be the deepest port on the East Coast. Port of Charleston Facilities Map North Charleston ±18 miles from CRBC North Charleston Navy Base Intermodal Facility Hugh Leatherman Columbus Street Union Pier Wando Welch The Hugh Leatherman is the newest addition to the Port of Charleston. To be completed in 2020, this new port serves as the only permitted container terminal under construction on the East Coast and is anticipated to increase the South Carolina Port Authority s container capacity by 50 percent. South Carolina Economic Impact Sourced from the South Carolina Ports Authority $53B in annual economic activity 187,600 supported jobs $10.2B in labor income $912M in tax revenue 16 17
Area accolades The Tri-County area Charleston MSA The Charleston MSA has been more resilient than most of South Carolina and is one of the few metropolitan areas to have fully recovered all the jobs lost during the Great Recession. The region benefits from a diverse job base that includes military, tourism, manufacturing, state government, medical, and defense contracting. Holding one of the East Coast s most prominent ports and soon to be the deepest, by 2020, Charleston s economy is also expanding through exceptional import and export activity. As a result of a strong labor market and favorable business environment, the Charleston area has emerged as one of the fastest growing regions in the nation; averaging 47 new residents per day. From 2010, the Charleston MSA s population has grown 11.5% which is nearly three times that of the national average. This strong population growth has prompted new construction for homes and businesses. Since 2010, the area has seen a seen a significant increase in wages, home values, and overall property demand. Population Growth Dorchester County 2010 2015 United States 3.9% South Carolina 5.6% Charleston MSA 11.5% Source: Charleston Regional Development Alliance; U.S. Census Bureau Population Growth 2010 2015 Berkeley County United States Charleston County Tri-County map CRBC located in Berkeley County South Carolina Charleston MSA Charleston Voted Best City in the World Travel & Leisure Magazine S.C. Ranked #2 Best Business Climate in the Country Site Selection Magazine Charleston Ranked #9 Best Place to Live U.S. News & World Report Charleston Ranked #3 Best City for Jobs Forbes Magazine - Summer 2016 Charleston Ranked #7 Best Mid-size City for Jobs Forbes Magazine - 2016 Charleston Ranked #7 for Economic Growth Potential Business Facilities Magazine Charleston MSA Statistics Source: Charleston Regional Development Alliance; U.S. Census Bureau 750,000 total area population 48 avg. new residents per day $53,572 median household income $74,299 avg. household income 18 19
Lee Allen Managing Director JLL Charleston lee.allen@am.jll.com +1 843 805 5111 +1 843 566 2064 Kevin Coats Associate Broker JLL Charleston kevin.coats@am.jll.com +1 843 805 5112 +1 434 760 0863 JLL Charleston 701 East Bay Street Suite 308 Charleston, SC 29403 +1 843 805 5100 jll.com/charleston DISCLAIMER 2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com. 20