8532 Old State Rd - Medical FOR SALE


Holly Hill, SC 29059
$1,400,000 USD
303-475-2335
8532 Old State Rd, Holly Hill, SC for Sale
$1,400,000 USD
Medical - FOR SALE
1/6
null | 5.61% Cap Rate

Apr '27


8532 Old State Rd
Holly Hill, SC 29059


HIGHLIGHTS

  • Contractual Lease Obligations Provide Income Security Through April 2028
  • Value-Add Opportunity with Below Market Rents and Excess Land for Future Expansion
  • Supply-Constrained Medical Office Market with Limited New Development
  • Offered Well Below Replacement Cost with Strong Long-Term Appreciation
  • Additional Residential Property Included in the Sale, Currently Lease at $750/Month with 1,296 Square Feet and Lease Terms Remaining Through November

OVERVIEW

Marcus & Millichap is pleased to present the value-add medical office investment opportunity located at 8532 Old State Road in Holly Hill, South Carolina. The offering features a vacant medical office building with an existing lease obligation in place, as the tenant remains responsible for the lease through April 2028. This unique structure provides investors with contractual income security during the remaining lease term while creating the opportunity to plan for future repositioning, re-tenanting, or owner-user occupancy. Investor appeal is further enhanced by highly favorable market fundamentals. The surrounding medical office submarket currently reports a zero percent medical office vacancy rate, highlighting significant unmet demand for quality healthcare space. Additionally, medical office development has declined 45 percent year over year, limiting future competitive supply and reinforcing the property's long-term leasing potential. The offering includes excess land adjacent to the property, creating opportunities for future expansion, additional parking, or other value-enhancing improvements. Existing rents are below market, providing investors with meaningful upside through future lease-up or rental rate adjustments. Furthermore, the property is offered well below replacement cost, representing an attractive basis compared to the cost of developing a comparable medical office property. Combining contractual lease obligations through April 2028, a supply-constrained medical office market, and multiple value-add opportunities, this investment is well positioned to generate long-term appreciation and stable returns for investors.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

5.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dark Fresenius Medical Care - Holly Hill

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

0332-20-04-005.000

ASK ABOUT THIS PROPERTY

CJ WilsonMarcus & MillichapMore Info
303-475-2335

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CJ WilsonMarcus & MillichapMore Info
303-475-2335

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