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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.
4 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | R610 031 000 0164 0007 |
| 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.
| Sale Type | Investment | APN/Parcel ID | R610 031 000 0164 0001 |
| 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.
| Sale Type | Investment | APN/Parcel ID | R610 031 000 0164 0001 |
| Sale Status | Under Contract |
| Sale Type | Investment |
| Sale Status | Under Contract |
| 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.
| Sale Type | Investment | APN/Parcel ID | R610 031 000 0164 0000 |
| Cap Rate | 6.75% |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| 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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 100-B | 1,560 SF | Medical | $647,111 ($414.81/SF) | - |
| Unit 100-D | 3,395 SF | Medical | $1,609,481 ($474.07/SF) | - |
| Unit 100-E | 1,325 SF | Medical | $628,148 ($474.07/SF) | - |
| Unit b,c,d,e | 6,808 SF | Medical | $2,861,037 ($420.25/SF) | $193,120 |
Unit 100-B
| Unit Size |
| 1,560 SF |
| Condo Use |
| Medical |
| Price |
| $647,111 ($414.81/SF) |
| NOI |
| - |
Unit 100-D
| Unit Size |
| 3,395 SF |
| Condo Use |
| Medical |
| Price |
| $1,609,481 ($474.07/SF) |
| NOI |
| - |
Unit 100-E
| Unit Size |
| 1,325 SF |
| Condo Use |
| Medical |
| Price |
| $628,148 ($474.07/SF) |
| NOI |
| - |
Unit b,c,d,e
| Unit Size |
| 6,808 SF |
| Condo Use |
| Medical |
| Price |
| $2,861,037 ($420.25/SF) |
| NOI |
| $193,120 |
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Unit 100-B
| Unit Size | 1,560 SF |
| Condo Use | Medical |
| Price | $647,111 ($414.81/SF) |
| NOI | - |
| 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.</li></ul> |
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Unit 100-D
| Unit Size | 3,395 SF |
| Condo Use | Medical |
| Price | $1,609,481 ($474.07/SF) |
| NOI | - |
| 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.</li></ul> |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 100-E
| Unit Size | 1,325 SF |
| Condo Use | Medical |
| Price | $628,148 ($474.07/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Status | Under Contract |
| 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.</li></ul> |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit b,c,d,e
| Unit Size | 6,808 SF |
| Condo Use | Medical |
| Price | $2,861,037 ($420.25/SF) |
| NOI | $193,120 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| 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.</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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
|
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14 Oak Forest Rd
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