Your email has been sent.
14 Oak Forest Rd 6,808 SF Medical Condo Unit Offered at $2,861,037 in Bluffton, SC 29910
EXECUTIVE SUMMARY
$193,120 in NOI, 4 Medical office suites totaling 6808 sqft, were recently upgraded with new flooring, paint, fixtures etc. Suites B, C, D & E are for sale and the buyer must verify the square footage of the space. Tenants include The Lavender Lounge Medical Head Spa, Global Family Medicine, and Novant Health. All tenants have brand new leases with options.
PROPERTY FACTS
| Total Building Size | 10,000 SF | Typical Floor Size | 10,000 SF |
| Property Type | Office (Condo) | Year Built | 2004 |
| Property Subtype | Medical | Lot Size | 2.86 AC |
| Building Class | B | Parking Ratio | 7/1,000 SF |
| Floors | 1 | ||
| Zoning | PUD/Neighborhood General | ||
| Total Building Size | 10,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 10,000 SF |
| Year Built | 2004 |
| Lot Size | 2.86 AC |
| Parking Ratio | 7/1,000 SF |
| Zoning | PUD/Neighborhood General |
AMENITIES
- Bus Line
- Signage
1 UNIT AVAILABLE
Unit b,c,d,e
| Unit Size | 6,808 SF | Sale Type | Investment or Owner User |
| Price | $2,861,037 | Cap Rate | 6.75% |
| Price Per SF | $420.25 | NOI | $193,120 |
| Condo Use | Medical | APN/Parcel ID | R610 031 000 0164 0000 |
| Unit Size | 6,808 SF |
| Price | $2,861,037 |
| Price Per SF | $420.25 |
| Condo Use | Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.75% |
| NOI | $193,120 |
| APN/Parcel ID | R610 031 000 0164 0000 |
DESCRIPTION
4 Medical office suites totaling 6808 sqft, were recently upgraded with new flooring, paint, fixtures etc. All 4 suites have been newly leased to all medical tenants. Three leases are as follows: Global Family Medicine- 5-year lease with two 5-year extensions to renew at $32.00/ft NNN with 3% annual escalations. The Lavander Lounge Medical Head Spa 3-year lease with two 3-year options to renew at $28.00/ft NNN with 3% annual escalations. Novant Health 3-year lease with one option to renew for 3 years at $32.00/ft NNN with 3% annual escalations.
SALE NOTES
Suites B, C, D & E are for sale and the buyer must verify square footage of the space as a whole or all individually used spaces.
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| The Lavender Lounge Medical Head Spa |
1,560 SF
|
August 2028
|
| Global Family Medicine |
3,395 SF
|
August 2030
|
| Novant Health |
1,275 SF
|
August 2028
|
Presented by
14 Oak Forest Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.