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Medical Condo For Sale • 6,808 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit b,c,d,e | Medical | 6,808 SF | $2,861,037 USD | |
Description4 Medical office suites totaling 6808 sqft, were recently upgraded with new flooring, paint, fixtures etc. All 4 suites have been newly leased to all medical tenants. Three leases are as follows: Global Family Medicine- 5-year lease with two 5-year extensions to renew at $32.00/ft NNN with 3% annual escalations. The Lavander Lounge Medical Head Spa 3-year lease with two 3-year options to renew at $28.00/ft NNN with 3% annual escalations. Novant Health 3-year lease with one option to renew for 3 years at $32.00/ft NNN with 3% annual escalations. Sale NotesSuites B, C, D & E are for sale and the buyer must verify square footage of the space as a whole or all individually used spaces. |
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$193,120 in NOI, 4 Medical office suites totaling 6808 sqft, were recently upgraded with new flooring, paint, fixtures etc. Suites B, C, D & E are for sale and the buyer must verify the square footage of the space. Tenants include The Lavender Lounge Medical Head Spa, Global Family Medicine, and Novant Health. All tenants have brand new leases with options.
| Adjacent to Kroger in Bluffton |
| Less than 3 miles away from three brand new hospitals |
| Cap Rate: | 6.75 % |
| Total Expenses: | $0 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Global Family Medicine | 3,395 SF | 8/31/2030 |
| Novant Health | 1,275 SF | 8/31/2028 |
| The Lavender Lounge Medical Head Spa | 1,560 SF | 8/31/2028 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Hilton Head | 21 min | - | 12.1 mi |
| Savannah/Hilton Head International | 47 min | - | 33.7 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 70 |
| Type: | Surface |
| Included in Rent: | Yes |
Matthew Bradford
The Bradford Group
Matthew Bradford
The Bradford Group