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1 Science Ct
Columbia, SC 29203 Northeast Arcadia Lakes

$5,321,667 USD

Office For Sale  •  31,000 SF

Property Details

  • Property Type Office
  • Total Building Size 31,000 SF
  • Lot Size 5.98 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning M-1
30 Transit Score
30 Walk Score

Highlights

Credit Tenant Affiliation: The Medical University Hospital Authority (MUHA), part of Medical University of South Carolina, holds an AA+ rating
$8.3 Billion Dollar Budget: The Medical University of South Carolina (MUSC) Board of Trustees approved an $8.3 billion operating budget
NNN Lease Structure: The asset is secured by a NNN lease, limiting landlord obligations and delivering a passive, management-light investment
3% Annual Rent Increases: The lease includes 3.00% annual rent escalations, providing consistent income growth and an effective hedge
Core Diagnostic Infrastructure: The ±31,000 SF facility is utilized for pathology services, supporting essential diagnostic operations
Attractive 7.50% Cap Rate: The offering is priced at a 7.50% cap rate, offering a compelling return relative to comparable healthcare investments
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Professional Pathology Services

Public Transportation

AirportDriveWalkDistance
Columbia Metro 36 min - 20.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 96
Type: Surface
Included in Rent: Yes
Kyle Mackulak 262-672-8388 Matthews Real Estate Investment Services
Kyle Mackulak 262-672-8388 Matthews Real Estate Investment Services