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Palmetto Medical Center 1040 Edgewater Corporate Pky 18,045 SF 100% Leased Office Building Indian Land, SC 29707 For Sale
Investment Highlights
- Less than 1-mile from the MUSC Hospital Campus development – a $300M project that will include a 150,000 SF surgical hospital and a 62,000 SF MOB.
- Nearby is the Red Ventures corporate headquarters – a ±630,000 SF campus with an estimated 4,500 on-site employees.
- Lancaster County is the fastest-growing county in Charlotte MSA, with a projected 25% population increase over the next 15 years.
- Long-term WALT remaining on NNN Leases with 3% increases for existing tenants.
- Positioned directly off U.S. Highway 521, which serves as the primary medical and commercial corridor in the area.
Executive Summary
This investment opportunity features a ±18,000 SF medical office building, located less than 1-mile from the new hospital campus development for The Medical University of South Carolina (MUSC Health). That transformative health campus will include a 150,000 SF full-service hospital and an adjacent 62,000 SF medical pavilion. Directly off U.S. Highway 521, the primary medical and commercial corridor, the Palmetto Medical Center is ideally situated within an established and expanding healthcare hub serving one of the fastest-growing communities in South Carolina.
The town of Indian Land, SC is an affluent and rapidly expanding suburb within the Charlotte MSA and is a part of Lancaster County – the fastest-growing county in the region, which has experienced double-digit population growth and is projected to expand an additional 25% over the next 15 years. This growth is being driven by large-scale master-planned communities, new corporate headquarters, and the arrival of major retailers and healthcare institutions — all of which continue to enhance long-term stability and investor confidence in this market.
The town of Indian Land, SC is an affluent and rapidly expanding suburb within the Charlotte MSA and is a part of Lancaster County – the fastest-growing county in the region, which has experienced double-digit population growth and is projected to expand an additional 25% over the next 15 years. This growth is being driven by large-scale master-planned communities, new corporate headquarters, and the arrival of major retailers and healthcare institutions — all of which continue to enhance long-term stability and investor confidence in this market.
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Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,045 SF
Building Class
A
Year Built
2014
NOI
$639,604 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,045 SF
Building FAR
0.21
Lot Size
1.95 AC
Zoning
RB
Parking
86 Spaces (4.77 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0008-00-027.06 | Improvements Assessment | $191,828 CAD |
| Land Assessment | $43,289 CAD | Total Assessment | $235,117 CAD |
Property Taxes
Parcel Number
0008-00-027.06
Land Assessment
$43,289 CAD
Improvements Assessment
$191,828 CAD
Total Assessment
$235,117 CAD
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Palmetto Medical Center | 1040 Edgewater Corporate Pky
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