Medical Office near +RMC in Orangeburg LEASED for 5/5 at $14.50PSF NNN

Office for Sale
Catylist Listing ID: 30763971
Property Subtypes: Executive Suites, Coworking, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 3,500 SF
Gross Land Area: 1 Acre
Sale Price: $675,000
Unit Price: $192.86 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 9/19/2022

Overview / Comments

FULLY LEASED 3500 square foot office building on 1 acre close to I-26, +RMC, and downtown Orangeburg. Less than 1.3 Miles from I-26; Roughly 57 miles from Summerville; 43 miles from Columbia.

Currently the entire building is leased as of 7/26/2022 at $14.50 PSF`with a 5 year lease NNN with a 5 year option to Clemson Health.

Built in 2008 with an additional wing added in 2012, this brick one story office building was constructed by current owner for her OB/GYN practice. Owner prefers to sell as package including all FFE with acceptable contract; FFE included in lease agreement and will be pro-rated or removed from ultimate sale. Property is currently turn-key as a medical office. Security system with motion and light sensors in place. 25+ parking spaces and the opportunity for more.

The possibility for two separate medical offices exists with plenty of parking and the addition could function as it's own separate office. Main building has large reception area, front desk area, two large storage rooms, two waiting rooms, four exam rooms, data room, break area/kitchenette for staff, staff bathroom, two guest bathrooms, laundry/storage room, triage area, mechanical closet, executive office, and larger main Doctor's office. There are three entrances/exits in this space.

The additional wing added in 2012 houses an exit/entry, reception/waiting area, three more exam rooms, file storage room, mechanical closet, bathroom, and main Doctor's office.

Currently the entire building is leased as of 7/26/2022 at $14.50 PSF`with a 5 year lease NNN with a 5 year option to Clemson Health.

Property contains two new HVAC units (one is 2021, the other is 2020, the 3rd unit is 2010); repainted 2017; roof 2008 and 2012.

Seller believes it is worth noting that the owner may be able to apply for property tax exemption/reduced taxes on the space with Clemson as a tenant. Seller has started this process.

Additional Details

Nearest MSA: Orangeburg
County: Orangeburg
Submarket/Township: 83 - Orangeburg County
Tax ID/APN: Parcel ID/Tax ID 2078334 Alternate Parcel ID 01810502008000
Highway Access: St. Matthews in Orangeburg and I-26
Airports: Columbia Regional, Charleston International
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,500 SF
Year Built: 2008
Year Renovated: 2012
Exterior Description: brick veneer
Parking Type: Surface
Lot Frontage: 157
Lot Depth: 276
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,400 33,000
Median Age: 35.09 35.91
Households: 7,889 12,550

Contact

Photograph of Listing Agent

Drew Harris

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