Building now in shell condition. Fully renovated Class A medical office building ready for tenant upfit with ample surface parking (5 per 1,000 sf) located off of Porchers Bluff Lane adjacent to The Market at Oakland shopping center. The total square footage of this three-story Building is 48,000 sf with gross floor plates of 16,000 sf. The Building is situated on a three (3) acre site and was originally built for GenPhar Labs but was never occupied. It is currently undergoing extensive internal and external renovations. Medical suites can be delivered in shell condition with a Landlord TI Allowance. The entire third floor is currently available for one large 16,000 sf footprint user. This beautiful stand-alone three-story medical building is in walking distance to all of the local area restaurants and retailers of 'The Market at Oakland'' shopping center (see attached shopping center site plan). Suite sizes from 1,300 sf to 16,000 sf on each floor.
| City Name | Mount Pleasant |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29466 |
| Status | Active |
| Parcel Number | 600-00-00-057 |
| Title | Medical Office Building Renovations Currently Underway |
| Year Build | 2010 |
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
