2500 Elms Center Rd is a 19,453 sf single tenant medical office building which houses Palmetto Primary Care's Laboratory and Corporate Center. There is a new 7 year NNN lease in place with 2 annual escalators. PPCP is the largest outpatient physicians group in South Carolina and has 32 physician offices. The 2500 Elms building is being offered for sale at $3,800,000, equating to a 7.6 cap. 2500 Elms Center Rd is located within a North Charleston medical district which contains dozens of medical offices as well as Trident Medical Center which is a 313 bed hospital. The 29406 medical service area is growing at a rate of over 9 over the next five years.
| Acres | 2.12 |
| Area | North Charleston/Summerville Outside I-526 |
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29406 |
| Date Modified | 2017-03-01T14:56:14 |
| Property Status | Existing |
| Status | Active |
| Title | Medical Office Investment, STNL |
Listed by: Keller Williams Realty Charleston | 843-416-2000
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.
