216 Myers Rd - Medical FOR SALE


Summerville, SC 29483- Goose Creek
$3,950,000 USD
843-577-0001
216 Myers Rd, Summerville, SC for Sale
$3,950,000 USD
Medical - FOR SALE
1/67
null | 3.04% Cap Rate

216 Myers Rd
Summerville, SC 29483
Goose Creek


HIGHLIGHTS

  • Purchase and Occupy one suite or secure long term tenant
  • Potential $240,000 Annual NOI
  • Building exterior completely renovated 2020
  • 5 min from booming Carnes Crossroads development
  • Vacant acre on the east side of the existing building which has ample space for another similar building

OVERVIEW

This two-unit, 9,000 SF office building has a Dental office as the anchor tenant in Suite A 4,500 SF with a 5-year lease term and $120,000 in annual revenue with Suite B 4,500 SF available to occupy or secure a similar tenant. Most recently it produced similar revenue to Suite A. There is a vacant acre on the east side of the existing building which has ample space for another similar building and therefore the ability to double the rental income on this property. It is located on a desirable, high traffic state road that connects 17-A and HWY 176. There is a new residential development adjacent to the property that is expected to hold ~220 rooftops with potentially ~200 more in second phase. Property is 5 min from booming Carnes Crossroads development. Building exterior completely renovated 2020 and interior was built to suit for each tenant at beginning of lease term. Zoned Rural and Neighborhood Commercial. Acuity Dental-Orthodontics is the active tenant with a 5-year lease and option to renew (1st renewal option in 2026 with an escalator). Approximately 1 acre of buildable land included in listing. See attachment for conceptual design of additional building. Conceptual drawings are purely conceptual and have not been submitted for any approvals. Cap rate reflects only one active tenant and would be approximately double with both units occupied.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

3.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

undefined, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

RNC

APN/PARCEL ID

223-00-00-015

ASK ABOUT THIS PROPERTY

Seth StisherCarolina One Commercial Real EstateMore Info
843-577-0001

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Seth StisherCarolina One Commercial Real EstateMore Info
843-577-0001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.