Dark Fresenius Medical Care - Holly Hill 8532 Old State Rd 6,280 SF Office Building Holly Hill, SC 29059 $1,400,000 ($222.93/SF) 5.61% Cap Rate

Marcus & Millichap is pleased to present the value-add
medical office investment opportunity located at 8532 Old
State Road in Holly Hill, South Carolina. The offering features
a vacant medical office building with an existing lease
obligation in place, as the tenant remains responsible for the
lease through April 2028. This unique structure provides
investors with contractual income security during the
remaining lease term while creating the opportunity to plan
for future repositioning, re-tenanting, or owner-user
occupancy. Investor appeal is further enhanced by highly
favorable market fundamentals. The surrounding medical
office submarket currently reports a zero percent medical
office vacancy rate, highlighting significant unmet demand
for quality healthcare space. Additionally, medical office
development has declined 45 percent year over year, limiting
future competitive supply and reinforcing the property's
long-term leasing potential. The offering includes excess land
adjacent to the property, creating opportunities for future
expansion, additional parking, or other value-enhancing
improvements. Existing rents are below market, providing
investors with meaningful upside through future lease-up or
rental rate adjustments. Furthermore, the property is offered
well below replacement cost, representing an attractive basis
compared to the cost of developing a comparable medical
office property. Combining contractual lease obligations
through April 2028, a supply-constrained medical office
market, and multiple value-add opportunities, this investment
is well positioned to generate long-term appreciation and
stable returns for investors.