Mobix Fulfillment Signs 342000 Square Foot Lease At Coastal Crossroads Industrial Park In Summerville
420 Dawson Branch Road
Building Size
342,000 SF
Asset Type
Industrial
Closing
Feb 18, 2026
AI
The lease transaction involves an industrial asset located at 420 Dawson Branch Road in Summerville, SC, with a total square footage of 342,000. This property is part of the Coastal Crossroads Industrial Park. The market for this asset is primarily industrial, reflecting the needs of modern fulfillment and logistics operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 420 Dawson Branch Road
- Market: Summerville, SC
- Square Footage: 342,000
- Landlord: Citimark Pure Charleston
- Tenant: Mobix Fulfillment
- Landlord's Representative: Bob Barrineau, Brendan Redeyoff & Tim Raber - CBRE
- Tenant's Representative: Ryan Young - Cushman & Wakefield
The transaction was notable as it marks the first lease finalized in the new industrial development of Coastal Crossroads Industrial Park, indicating a significant milestone for both the landlord and the tenant involved in this deal.
Players
Summerville Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93