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ATI Physical Therapy 2650 St Matthews Rd
5,676 SF Office Building Orangeburg, SC 29118 $1,300,000 USD ($229 USD/SF) 7.74% Cap Rate
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
5,676 SF
Building Class
B
Year Built/Renovated
2018/2023
Price
$1,300,000 USD
Price Per SF
$229 USD
Cap Rate
7.74%
NOI
$100,566 USD
Tenancy
Single
Building Height
1 Story
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 | $27,000 USD |
| Land Assessment | $9,008 USD | Total Assessment | $36,008 USD |
PROPERTY TAXES
Parcel Number
0174-08-01-004.000
Land Assessment
$9,008 USD
Improvements Assessment
$27,000 USD
Total Assessment
$36,008 USD
Contacts
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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ATI Physical Therapy | 2650 St Matthews Rd
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