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McLeod Physician Associates 1540 American Dr 6,264 SF Office Building Florence, SC 29505 $1,212,688 CAD ($193.60 CAD/SF) 7.80% Cap Rate
Investment Highlights
- Seller financing is available with a first lien required, a minimum down payment of $400,000, and negotiable payment terms, interest rate, etc
- McLeod Health is a leading healthcare system in South Carolina with a dominant market presence. The network operates multiple hospitals and facilities
- Rents are considered highly replaceable at $26.30 per SF.
- Directly across the street from Regency Hospital in Florence, South Carolina
- Strategically positioned within a dense medical corridor, surrounded by prominent healthcare providers including MUSC Health Orthopaedics & Sports
- Triple Net (NNN) Lease – landlord has limited responsibilities.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,666 SF McLeod Physician Associates located at 1540 American Drive in Florence, SC. This deal includes a Triple Net (NNN) Lease – the landlord has limited responsibilities. The tenant has demonstrated their long- term commitment to the site by recently extending their lease for an additional five years, providing for a secure investment.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,264 SF
Building Class
C
Year Built
2004
Price
$1,212,688 CAD
Price Per SF
$193.60 CAD
Cap Rate
7.80%
NOI
$94,567 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,666 SF
Building FAR
0.24
Lot Size
0.59 AC
Zoning
B3 - Office Medical
Parking
30 Spaces (11.25 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 00179-01-068 | Improvements Assessment | $24,358 CAD |
| Land Assessment | $10,365 CAD | Total Assessment | $34,723 CAD |
Property Taxes
Parcel Number
00179-01-068
Land Assessment
$10,365 CAD
Improvements Assessment
$24,358 CAD
Total Assessment
$34,723 CAD
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McLeod Physician Associates | 1540 American Dr
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