Frank Recine & Jason Bogart Of Accordia Realty Acquire Industrial Portfolio In North Charleston For $48.05M
1101 Remount Rd & 1141 Remount Road
$48,050,000
$78/SF
Building Size
610,228 SF
Asset Type
Industrial
Closing
Oct 22, 2025
AI
1101 & 1141 Remount Road is an industrial asset located in North Charleston, SC. The property was sold for $48,050,000 and has a total square footage of 305,114. The sale price equates to approximately $157 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $48,050,000
- SF: 305,114
- PPSF: $157
- Buyer: Frank Recine & Jason Bogart - Accordia Realty
- Market: North Charleston, SC
Accordia Realty's acquisition of Remount I & II marks the firm's largest deal and its first commercial property transaction in South Carolina. The Remount Business Park consists of 25.88 acres and is currently 90% leased, with plans for significant upgrades as part of Accordia’s strategy for expansion in the Southeast.
Players
North Charleston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93