801 N Fant St - Freestanding FOR SALE


Anderson, SC 29621- Downtown Anderson
$4,190,000 USD
925-212-7254
801 N Fant St, Anderson, SC for Sale
$4,190,000 USD
Freestanding - FOR SALE
1/14
null | 6% Cap Rate

801 N Fant St
Anderson, SC 29621
Downtown Anderson


HIGHLIGHTS

  • 2% Broker Buyside Co-op Fee
  • Very Rare On-Campus Hospital Leased Investment Opportunity
  • Significant Pro Forma Upside & Irreplaceable/Strategic Location
  • Highly Specialized Facility | Priced Well Below Replacement Cost
  • Rapidly Growing & Attractive Market

OVERVIEW

-??2% Broker Buyside Co-op Fee -?Very Rare On-Campus Hospital Leased Investment Opportunity - On-campus properties are usually owned by health systems or large institutional investors, however, this listing offers the rare opportunity to acquire a specialized on-campus single-tenant hospital leased medical office building. AnMed Urgent Care (a subsidiary of the AA- credit rated AnMed) is located on the campus of the flagship 461-bed AnMed Medical Center in Anderson, South Carolina. ??-Significant Pro Forma Upside & Irreplaceable/Strategic Location - The current lease has ~5 years of firm term remaining (expires 3/6/2031) and then the tenant has 1-15 year option at market rent. The property's current rent of $35.81/SF NNN, is well below the recent market average for comparable highly specialized urgent care facilities (~$55/SF NNN). ?-Highly Specialized Facility | Priced Well Below Replacement Cost - Built in 2014 (Class A construction) and AAAHC-accredited, the subject property is a highly specialized purpose-built facility. The property's pricing at $597/SF, is additionally well below the recent market average for comparable specialized urgent care facilities ($850/SF). ?-Rapidly Growing & Attractive Market - This property is situated in the rapidly growing Upstate Region of South Carolina, in the geographical center of the Charlanta Megaregion (~22M population & ~$1T of annual economic output). The building is additionally located in an extremely attractive healthcare submarket, which features 100% medical office building occupancy within a 3 mile radius (724K total MOB SF).

FOR SALE DETAILS

PRICE

$4,190,000 USD

PRICE/SF

$597 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AnMed Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

Commercial

APN/PARCEL ID

123-29-12-022

ASK ABOUT THIS PROPERTY

Alex VidalAcuity Private CapitalMore Info
925-212-7254

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Alex VidalAcuity Private CapitalMore Info
925-212-7254

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