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Offices on Eleven 3598 Highway 11 28,000 SF Office Building Travelers Rest, SC 29690 $2,700,000 ($96.43/SF) 9.63% Cap Rate
Investment Highlights
- $1M in equity potential
- Little to no ownership management
- Major improvements in 2024
Executive Summary
Executive Summary
Acquire a premium, highly stabilized luxury flex asset in the sought-after Cliffs community. Benefiting from extensive recent capital expenditures and a curated tenant roster, this property offers true passive income backed by streamlined, tech-enabled management.
Investment Highlights
Immediate Value-Add Potential: Clear, executable path to a $4,500,000 pro forma valuation through the mark-to-market of remaining legacy leases.
Turnkey & Passive Operations: Requires less than one hour per month from ownership. Day-to-day operations and leasing are seamlessly handled by an on-site professional and integrated property management software.
Premium Location & Amenities: High-visibility highway positioning within The Cliffs community, featuring luxury tenant amenities including a private walking trail and a large-scale water feature.
Extensive Recent CapEx: A comprehensive two-year stabilization and modernization program has been completed, effectively eliminating near-term deferred maintenance risks.
Recent Capital Improvements
HVAC Systems: Comprehensive upgrades completed across all units.
Roofing: Full enhancements and preventative maintenance performed.
Interiors: Extensive, high-end unit renovations.
Common Areas: Modernized tenant break room facilities.
Exterior: Complete parking facility restriping.
Security: Installation of an advanced, enterprise-grade camera network.
Operations: Implementation of cloud-based property management software.
Acquire a premium, highly stabilized luxury flex asset in the sought-after Cliffs community. Benefiting from extensive recent capital expenditures and a curated tenant roster, this property offers true passive income backed by streamlined, tech-enabled management.
Investment Highlights
Immediate Value-Add Potential: Clear, executable path to a $4,500,000 pro forma valuation through the mark-to-market of remaining legacy leases.
Turnkey & Passive Operations: Requires less than one hour per month from ownership. Day-to-day operations and leasing are seamlessly handled by an on-site professional and integrated property management software.
Premium Location & Amenities: High-visibility highway positioning within The Cliffs community, featuring luxury tenant amenities including a private walking trail and a large-scale water feature.
Extensive Recent CapEx: A comprehensive two-year stabilization and modernization program has been completed, effectively eliminating near-term deferred maintenance risks.
Recent Capital Improvements
HVAC Systems: Comprehensive upgrades completed across all units.
Roofing: Full enhancements and preventative maintenance performed.
Interiors: Extensive, high-end unit renovations.
Common Areas: Modernized tenant break room facilities.
Exterior: Complete parking facility restriping.
Security: Installation of an advanced, enterprise-grade camera network.
Operations: Implementation of cloud-based property management software.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
28,000 SF
Building Class
B
Year Built
2007
Price
$2,700,000
Price Per SF
$96.43
Cap Rate
9.63%
NOI
$260,010
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,000 SF
Building FAR
0.12
Lot Size
5.32 AC
Zoning
C - Commercial
Parking
150 Spaces (5.36 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Central Heating
- Reception
- Wi-Fi
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 103
- 493 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste 105
- 226 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste 116
- 250 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 204
- 557 SF
- Office
- -
- Now
- 2nd Fl-Ste 211
- 93 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 212
- 118 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 217
- 107 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 222
- 113 SF
- Office
- Full Build-Out
- 30 Days
- 2nd Fl-Ste 247
- 93 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 248
- 100 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 103 | 493 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 105 | 226 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 116 | 250 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 204 | 557 SF | Office | - | Now |
| 2nd Fl-Ste 211 | 93 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 212 | 118 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 217 | 107 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 222 | 113 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 247 | 93 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 248 | 100 SF | Office | Full Build-Out | Now |
1st Fl-Ste 103
| Size |
| 493 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 105
| Size |
| 226 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 116
| Size |
| 250 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 557 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 211
| Size |
| 93 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 212
| Size |
| 118 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 217
| Size |
| 107 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 222
| Size |
| 113 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 247
| Size |
| 93 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 248
| Size |
| 100 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0662.06-01-001.00 | Improvements Assessment | $174,060 (2025) |
| Land Assessment | $4,120 (2025) | Total Assessment | $178,180 (2025) |
Property Taxes
Parcel Number
0662.06-01-001.00
Land Assessment
$4,120 (2025)
Improvements Assessment
$174,060 (2025)
Total Assessment
$178,180 (2025)
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Offices on Eleven | 3598 Highway 11