3598 Highway 11 - Medical FOR SALE


Travelers Rest, SC 29690
$2,700,000 USD
864-477-4757
3598 Highway 11, Travelers Rest, SC for Sale
$2,700,000 USD
Medical - FOR SALE
1/36
null | 9.92% Cap Rate

3598 Highway 11
Travelers Rest, SC 29690


HIGHLIGHTS

  • $1M in equity potential
  • Major improvements in 2024
  • Little to no ownership management

OVERVIEW

Acquire a premium, highly stabilized luxury flex asset located in the highly desirable Cliffs community.? Benefiting from extensive recent capital expenditures and a curated tenant roster, this property offers true passive income with streamlined, tech-enabled management already in place.? Investment Highlights: -Immediate Value-Add Potential: Clear, executable path to a $4,500,000 pro forma valuation through the mark-to-market of remaining legacy leases.? -Turnkey & Passive Operations: Management requires less than one hour per month from ownership.? Day-to-day operations and leasing are seamlessly handled by an on-site professional and newly integrated property management software.? -Premium Location & Amenities: Highly visible highway positioning within The Cliffs community, featuring unique, high-end tenant amenities including a private walking trail and a large-scale water feature.? -Extensive Recent CapEx: The current ownership has completed a comprehensive two-year stabilization and modernization program, heavily mitigating future deferred maintenance.? Recent Capital Improvements Include: -Comprehensive HVAC system upgrades -Roof enhancements and maintenance -Extensive interior unit renovations -Modernized tenant break room facilities -Complete parking facility restriping -Installation of an advanced security camera network -Implementation of cloud-based property management software

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

9.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Offices on Eleven

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

undefined, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

5.32 AC

LAND SF

231,739 SF

ZONING

C

APN/PARCEL ID

0662.06-01-001.00

ASK ABOUT THIS PROPERTY

Jace PerryDiamond InvestmentsMore Info
864-477-4757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jace PerryDiamond InvestmentsMore Info
864-477-4757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.