2650 St Matthews Rd | Orangeburg, SC 29118
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2650 St Matthews Rd
Orangeburg, SC 29118
ATI Physical Therapy · Office Property For Sale
EXECUTIVE SUMMARY
NN+ Lease: Limited landlord responsibilities offer a hassle free investment opportunity.
Lease Term: With 5+ years remaining on lease, and an additional 5 year option period, this property provides long term investment security potential.
Recent Renovation: The building was renovated in 2017/2018 with a new front parking lot, new plumbing, ceiling, flooring, and 3 HVAC units. A new metal roof was also installed in 2023.
Rent Increases: Rent increase scheduled for final 3 years of remaining lease term offer investors an upside potential on investment returns.
Expansion Potential: This property’s large lot size offers potential for future construction, making space for a second tenant’s presence.
Established Healthcare Provider: ATI is an industry leading provider of physical therapy with over 900 locations across 24 states.
Booming Market: Orangeburg is a rapidly growing market, where favorable market conditions continue to attract large manufacturing companies, fueling both job and population growth.
Co-Broker Fee: 3%
Lease Term: With 5+ years remaining on lease, and an additional 5 year option period, this property provides long term investment security potential.
Recent Renovation: The building was renovated in 2017/2018 with a new front parking lot, new plumbing, ceiling, flooring, and 3 HVAC units. A new metal roof was also installed in 2023.
Rent Increases: Rent increase scheduled for final 3 years of remaining lease term offer investors an upside potential on investment returns.
Expansion Potential: This property’s large lot size offers potential for future construction, making space for a second tenant’s presence.
Established Healthcare Provider: ATI is an industry leading provider of physical therapy with over 900 locations across 24 states.
Booming Market: Orangeburg is a rapidly growing market, where favorable market conditions continue to attract large manufacturing companies, fueling both job and population growth.
Co-Broker Fee: 3%
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
5,676 SF
Building Class
B
Year Built
2018
Price
£1,033,879
Price Per SF
£182
Net Initial Yield
7.74%
NOI
£79,979
Tenancy
Single
Number of Floors
1
Typical Floor Size
5,676 SF
Building FAR
0.03
Lot Size
3.91 AC
Zoning
C - Commercial
Parking
50 Spaces (8.81 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0174-08-01-004.000 | Improvements Assessment | £21,473 |
| Land Assessment | £7,164 | Total Assessment | £28,637 |
PROPERTY TAXES
Parcel Number
0174-08-01-004.000
Land Assessment
£7,164
Improvements Assessment
£21,473
Total Assessment
£28,637
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