Updated Oct 16, 2026
Cyrus Mojdehi, Nick Armstrong & Daniel Hirschberg Of Northway Commercial Buy Industrial Asset For $6.7M
3216 Industry Drive
$6,700,000
$147/SF
Building Size
45,313 SF
Asset Type
Industrial
Closing
Oct 14, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 3216 Industry Drive in North Charleston. The sale price for the property was $6,700,000, encompassing a total square footage of 45,313, which translates to a price per square foot of $147.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,700,000
- Address: 3216 Industry Drive
- Market: North Charleston
- Buyer: Cyrus Mojdehi, Nick Armstrong & Daniel Hirschberg - Northway Commercial
- Seller: E=MC4I Inc
- Broker: Alex Shields - Bridge Commercial
This transaction involved key individuals including brokers and representatives. Alex Shields represented the seller, E=MC4I Inc, in the deal, facilitating the transaction process between the involved parties.
On the Map
$6,700,000
$147/SF
Industrial
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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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93