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MUSC Health Pathology 1 Science Ct 31,000 SF Office Building Columbia, SC 29203 $7,427,823 CAD ($239.61 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Credit Tenant Affiliation: The Medical University Hospital Authority (MUHA), part of Medical University of South Carolina, holds an AA+ rating
- NNN Lease Structure: The asset is secured by a NNN lease, limiting landlord obligations and delivering a passive, management-light investment
- Core Diagnostic Infrastructure: The ±31,000 SF facility is utilized for pathology services, supporting essential diagnostic operations
- $8.3 Billion Dollar Budget: The Medical University of South Carolina (MUSC) Board of Trustees approved an $8.3 billion operating budget
- 3% Annual Rent Increases: The lease includes 3.00% annual rent escalations, providing consistent income growth and an effective hedge
- Attractive 7.50% Cap Rate: The offering is priced at a 7.50% cap rate, offering a compelling return relative to comparable healthcare investments
Executive Summary
Kyle Matthews
License # License # 22684, 105710 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
As the largest, physician-owned, anatomic pathology group in South Carolina, Professional Pathology Services, PC offers the broadest range of subspecialty board certifications of any practice in the state. This gives us the ability to consult internally and ensure that our clients receive the most accurate diagnosis possible. Along with serving the pathology needs of Palmetto Health Richland, Palmetto Health Baptist for more than 30 years and now including Palmetto Health Baptist Parkridge and Palmetto Health Tuomey, PPS also services health care facilities and physician offices of all sizes and specialties across the region.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Property Taxes
| Parcel Number | 17200-02-16 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,212,864 CAD |
Property Taxes
Contacts
-
Kyle Mackulak -
Tyler Swade -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
Presented by
MUSC Health Pathology | 1 Science Ct
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