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14 Oak Forest Rd 1,325 - 6,808 SF Medical Condo Units Offered at $628,148 - $2,861,037 Per Unit in Bluffton, SC 29910
Investment Highlights
- Adjacent to Kroger in Bluffton
- Less than 3 miles away from three brand new hospitals
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 | 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 |
| 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
4 Units Available
Unit 100-B
| Unit Size | 1,560 SF | Condo Use | Medical |
| Price | $647,111 | Sale Type | Investment |
| Price Per SF | $414.81 | APN/Parcel ID | R610 031 000 0164 0007 |
| Unit Size | 1,560 SF |
| Price | $647,111 |
| Price Per SF | $414.81 |
| Condo Use | Medical |
| Sale Type | Investment |
| APN/Parcel ID | R610 031 000 0164 0007 |
Description
100% Leased Medical space designed and operated as a family practice. Brand new 3-Year lease at $28/ft NNN with 3% annual increase and two 3-year options to renew.
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Lavender Lounge Floor Plan
Unit 100-D
| Unit Size | 3,395 SF | Condo Use | Medical |
| Price | $1,609,481 | Sale Type | Investment |
| Price Per SF | $474.07 | APN/Parcel ID | R610 031 000 0164 0001 |
| Unit Size | 3,395 SF |
| Price | $1,609,481 |
| Price Per SF | $474.07 |
| Condo Use | Medical |
| Sale Type | Investment |
| APN/Parcel ID | R610 031 000 0164 0001 |
Description
100% leased medical space designed and operated as a family medical practice. Brand New 5-year lease at $32/ft NNN with 3% annual increase and two 5-year options to renew.
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Unit 100-E
| Unit Size | 1,325 SF | Condo Use | Medical |
| Price | $628,148 | Sale Type | Investment |
| Price Per SF | $474.07 | APN/Parcel ID | R610 031 000 0164 0001 |
| Unit Size | 1,325 SF |
| Price | $628,148 |
| Price Per SF | $474.07 |
| Condo Use | Medical |
| Sale Type | Investment |
| APN/Parcel ID | R610 031 000 0164 0001 |
Description
100% Leased Medical space designed and operated as a family medical practice. Brand New 5-year lease at $32/ft NNN with 3% annual increase and two 5-year options to renew.
+4 More
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Unit b,c,d,e
| Unit Size | 6,808 SF | Sale Type | Investment |
| 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 |
| 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
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