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
1/27
null | 9.63% Cap Rate

3598 Highway 11
Travelers Rest, SC 29690


HIGHLIGHTS

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

OVERVIEW

Executive Summary Acquire a premium, highly stabilized luxury flex asset in the sought-after Cliffs community. Benefiting from extensive recent capital expenditures and a curated tenant roster, this property offers true passive income backed by streamlined, tech-enabled management. 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: Requires less than one hour per month from ownership. Day-to-day operations and leasing are seamlessly handled by an on-site professional and integrated property management software. Premium Location & Amenities: High-visibility highway positioning within The Cliffs community, featuring luxury tenant amenities including a private walking trail and a large-scale water feature. Extensive Recent CapEx: A comprehensive two-year stabilization and modernization program has been completed, effectively eliminating near-term deferred maintenance risks. Recent Capital Improvements HVAC Systems: Comprehensive upgrades completed across all units. Roofing: Full enhancements and preventative maintenance performed. Interiors: Extensive, high-end unit renovations. Common Areas: Modernized tenant break room facilities. Exterior: Complete parking facility restriping. Security: Installation of an advanced, enterprise-grade camera network. Operations: Implementation of cloud-based property management software.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

9.63%

% 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

B

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

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Jace PerryDiamond InvestmentsMore Info
864-477-4757

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