Updated Oct 28, 2026
Christopher Knisley Of Albany Road Real Estate Partners Acquires Industrial Property In Summerville For $12.5M
286 Thorpe Street
$12,500,000
$568/SF
Building Size
22,000 SF
Asset Type
Industrial
Closing
Oct 28, 2026
About this deal
AI
An industrial outdoor storage property located at 286-290 Thorpe Street in Summerville, SC has been sold for $12.5 million. The asset encompasses more than 15 acres and includes two warehouses that are presently leased to Colony Tire and Quantix Liquid Transport. The total square footage of the property is approximately 22,000, resulting in a price per square foot of $568.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,500,000
- Square Footage: 22,000
- Price per Square Foot: $568
- Address: 286-290 Thorpe Street
- Market: Summerville, SC
- Buyer: Christopher Knisley - Albany Road Real Estate Partners
- Broker Representatives: Harrison Creason, Andrew Margulies & Tyler Brown - Marcus & Millichap
An affiliate of Albany Road Real Estate Partners executed the acquisition of this property. The buyer plans to lease additional acreage beyond the warehouses currently occupied by tenants.
On the Map
$12,500,000
$568/SF
Industrial
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Players
Thorpe 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93