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Offices on Eleven 3598 Highway 11 28,000 SF 94% Leased Office Building Travelers Rest, SC 29690 $4,550,776 CAD ($162.53 CAD/SF) 8% Cap Rate



Investment Highlights
- Fully occupied
- Major improvements in 2024
- Nearly stabilized
- Little to no ownership management
Executive Summary
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: Management requires less than one hour per month from ownership.? Day-to-day operations and leasing are seamlessly handled by an on-site professional and newly integrated property management software.?
-Premium Location & Amenities: Highly visible highway positioning within The Cliffs community, featuring unique, high-end tenant amenities including a private walking trail and a large-scale water feature.?
-Extensive Recent CapEx: The current ownership has completed a comprehensive two-year stabilization and modernization program, heavily mitigating future deferred maintenance.?
Recent Capital Improvements Include:
-Comprehensive HVAC system upgrades
-Roof enhancements and maintenance
-Extensive interior unit renovations
-Modernized tenant break room facilities
-Complete parking facility restriping
-Installation of an advanced security camera network
-Implementation of cloud-based property management software
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$340,705
|
$12.17
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $340,705 |
| Annual Per SF | $12.17 |
Property Facts
Amenities
- 24 Hour Access
- Security System
- Signage
- Central Heating
- Reception
- Wi-Fi
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
South Street Partners was established in 2009 and operates as a private equity real estate firm. The company manages over $3 billion in active assets and focuses on institutional-quality investments. The company's portfolio includes land development, residential communities, resort properties, and commercial assets. South Street Partners serves institutional partners and family offices through principal investments and co-investments. The firm maintains offices in Charlotte, North Carolina and Charleston, South Carolina.
Crescent Hospitality is proud to offer exceptional lodging at The Cliffs Communities. Members at The Cliffs can enjoy access to a wide variety of luxury rental properties in six different locations. Take full advantage of the numerous amenities available at The Cliffs, and immerse yourself in whatever you love most. Relax on Lake Keowee at one of our many lakefront homes, enjoy the serenity of a private mountain retreat, or escape to a quiet cottage. Whether you are planning a weekend away, or a family vacation, they have just the right accommodations you need to create memories that will last a lifetime. They also specialize in group lodging and can assist with rental options for golf outings, business retreats, and special events.
Crystal Valley Day Spa is located at the foot of the Blue Ridge Mountains in northern Travelers Rest. They are convenient to the Cliffs Developments, the city of Greenville and most of the Upstate of South Carolina. Their highly qualified staff at Crystal Valley Day Spa offer a full range of services for hair, natural nails, skin and massage to nurture the wellbeing of body, mind and spirit. Their staff is able to customize each treatment to suit the individual needs of our guests. They take pride in using quality products that are safe as well as effective. It is their goal to make a difference in the lives they touch by offering the highest level of service by trained professionals in a relaxing environment.
Hometown Roof & Exterior Cleaning is grateful to be a family owner/operator service out of SC. They are a certified Roof Cleaning and exterior cleaning service, concentrating on improving your homes curb appeal and sustaining the life of your commercial or residential property.
Since 1999 McAbee Architects has helped churches with their facility needs, providing creative and economical solutions that enhance church ministry. With over 300 church projects in our history, they are one of the most experienced church architecture firms in the Carolinas and Georgia. Helping you get the most out of your existing or new church building is their passion. They research new ideas and stay up to date on all the latest ministry tools and strategy. Their small, highly experienced professional staff will handle your project personally, ensuring that you are not handed off to different team members along your journey to a better facility.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Real Estate | - | - | - | ||
|
Construction | - | - | - | ||
|
Arts, Entertainment, and Recreation | - | - | - | ||
|
Wholesaler | - | - | - | ||
|
Professional, Scientific, and Technical Services | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 104 | 1,750 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 104
| Size |
| 1,750 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 104
| Size | 1,750 SF |
| Space Use | Office/Retail |
| Build-Out | Full Build-Out |
| Available | Now |
Property Taxes
| Parcel Number | 0662.06-01-001.00 | Improvements Assessment | $236,508 CAD (2025) |
| Land Assessment | $5,598 CAD (2025) | Total Assessment | $242,106 CAD (2025) |
Property Taxes
Presented by
Offices on Eleven | 3598 Highway 11
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