$3.3M industrial investment sale closes at 3185 Industry Drive
June 23, 2025
Sarah Shelley of NAI Charleston and Chris Saltiel of SVN | Palmetto represented the seller, Progress Land Development, LLC, in the $3,328,595 sale of a ±16,132 SF industrial property located at 3185 Industry Drive in North Charleston. The buyer, Reid Investments, closed quickly on the transaction, highlighting continued investor demand for quality industrial assets in the Charleston market.
Originally sold to Progress Land Development by Shelley in 2021, the property is currently home to Arclabs Welding School, a hands-on welding school owned and operated by the seller. Arclabs will continue operations at the facility post-sale, with the sale structured as an investment transaction.
“It has been a privilege to support Progress Land Development through both the acquisition and disposition of this property,” said Shelley. “This sale demonstrates the strength of the industrial market in Charleston and the continued appeal of stabilized assets to private capital.”
For more information on the transaction, contact Sarah Shelley at 843.458.0607/ [email protected].
About NAI Charleston
NAI Charleston is a full-service commercial real estate firm whose industry experts have over a century of combined experience in the Charleston commercial real estate industry and over $1 billion in total transaction volume. In 2017, local brokers Thomas Boulware, Dexter Rumsey, David Ingle and David Grubbs partnered together to found NAI Charleston as an independent franchise of NAI Global, one of the leading global commercial real estate firms, to strengthen their leadership and footprint in the Lowcountry. An owner-operated firm, NAI Charleston possesses a highly personal and unwavering commitment to excellence that can’t be duplicated. Local ownership and leadership, paired with global resources, enable them to offer clients unparalleled services. As a member of NAI Global, NAI Charleston has independent access to the largest, most powerful network of owner-operated commercial real estate firms in the world. Their affiliates comprise 5,800 professionals in 325 offices and 36 countries. Their brokerage, development, management, and consulting services are tailor-made to meet the specific needs of each assignment – from single transactions to coordinating the delivery of multiple services over broad geographic areas. http://www.naicharleston.com
