3598 Highway 11 - Office FOR SALE


Travelers Rest, SC 29690
$3,300,000 USD
864-477-4757
3598 Highway 11, Travelers Rest, SC for Sale
$3,300,000 USD
Office - FOR SALE
1/29
null | 8% Cap Rate

3598 Highway 11
Travelers Rest, SC 29690


HIGHLIGHTS

  • Fully occupied
  • Stabilized
  • 100k in improvements in 2024
  • Part-time front desk in place
  • Little to no ownership management

OVERVIEW

The property is a fully stabilized, 100% occupied, Class A luxury flex commercial real estate asset, conveniently situated off a primary highway and within the esteemed Cliffs community. It boasts several distinctive amenities on-site, including a large waterfall and a private walking trail. The owner has dedicated the past two years to stabilizing the property by replacing low-paying tenants and implementing numerous upgrades. A part-time receptionist is responsible for all leasing duties and property operations. This represents a turn-key investment, allowing the investor to relax while generating passive cash flow and appreciating asset value. The current owner invests approximately one hour per month or less in management, with new systems established for operational efficiency. Recent upgrades include: Parking lot striping Security Cameras HVAC Units Roof Updates Property Management Software Vending Machine Unit Updates Private Trail Groomed

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Offices on Eleven

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

5.32 AC

LAND SF

231,739 SF

ZONING

C

APN/PARCEL ID

0662.06-01-001.00

ASK ABOUT THIS PROPERTY

Jace PerryDiamond InvestmentsMore Info
864-477-4757

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

Jace PerryDiamond InvestmentsMore Info
864-477-4757

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