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ATI Physical Therapy 2650 St Matthews Rd 5,676 SF Office Building Orangeburg, SC 29118 $1,300,000 ($229.03/SF) 8% Cap Rate
EXECUTIVE SUMMARY
NN+ Lease: Limited landlord responsibilities offer a hassle free investment opportunity.
Lease Term: With ±4 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.
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 ±4 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.
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
Medical
Building Size
5,676 SF
Building Class
B
Year Built/Renovated
1800/2023
Price
$1,300,000
Price Per SF
$229.03
Cap Rate
8%
NOI
$104,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,676 SF
Building FAR
0.03
Lot Size
3.91 AC
Zoning
CG (Commercial General) - CG (Commercial General) Orangeburg County
Parking
50 Spaces (8.81 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0174-08-01-004.000 | Improvements Assessment | $27,000 |
| Land Assessment | $9,008 | Total Assessment | $36,008 |
PROPERTY TAXES
Parcel Number
0174-08-01-004.000
Land Assessment
$9,008
Improvements Assessment
$27,000
Total Assessment
$36,008
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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