119 Springhall Dr 6,750 SF 100% Leased Office Building Goose Creek, SC 29445 $2,058,805 ($305.01/SF) 6.70% Cap Rate

A well located, hard to replicate, triple net (NNN) leased medical office investment opportunity with a solid history of occupancy. Located at the corner of Crowfield Blvd and Spring Hall Drive in the medical cluster at Crowfield Plantation in busy Goose Creek, SC. 100% leased to two (3) high quality stable Tenants, each on triple net (NNN) leases with annual rent escalations.
Palmetto Primary Care Physicians is the Anchor Tenant (Apprx 5,400 SF) has 50 locations in South Carolina of which 34 are in the Charleston Area. Their lease has a 7 year initial term with renewal options and annual escalations expiring in 2025.
Crowfield Spine Center (Apprx 1,362 SF) has been in the location for over 18 years and was newly renovated in 2019-2020. The lease has an 8 year initial term with a renewal option and annual escalations expiring in 2027. Stello Law Firm is on a 3 year lease also with annal escalaltions.
There are Three (3) separate spaces in the building (each with separate entrances) so could be a three (3) Tenant building in the future. Building is 100% leased to the Two (2) current Tenants.
Commercial Real Estate Ventures, LLC does not make any representation or warranty as to the accuracy or completeness of the Informational Materials for this offering and further that the provided information used in the preparation of the Informational Materials herein that has been furnished to Commercial Real Estate Ventures, LLC by others has not been independently verified by Commercial Real Estate Ventures, LLC and is therefore not guaranteed as to completeness or accuracy. Any Potential Purchaser and/or Buyer's Broker(s) agrees that Commercial Real Estate Ventures, LLC shall not have any liability for any reason to the Buyer's Broker(s) or the Potential Purchaser or any Related Parties resulting from the use of the Informational Materials.