For Sale
$459,000

7520 Irmo DrColumbia, SC 29212

High-Yield Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2-story, 2,623 sq ft medical office building in Columbia, SC, presents a compelling investment opportunity. Located at 7520 Irmo Dr, in Lexington County, zip code 29212, this Class C property boasts 100% occupancy across its ten units, generating a strong NOI of $34,632 and a 7.55% cap rate. The asking price is $459,000, translating to $174.99 per square foot. Built in 1995, the building features a gross lease structure and sits on a single lot. Currently, the building offers 2,623 square feet of finished space on the main floor, with an additional approximately 800 square feet of unfinished space on the second floor, presenting a significant opportunity to increase rentable square footage and revenue. The property's convenient location, just five minutes from Interstate 26, ensures excellent accessibility. The current below-market rents offer substantial upside potential for future income growth. The property is zoned CN and is a multi-tenant building. This is an ideal investment for those seeking a stable, high-yield asset with significant value-add potential. The property is fully leased, providing immediate cash flow. This is a rare opportunity to acquire a well-maintained, fully occupied medical office building in a desirable location.

Highlights

  • $459,000 asking price for a 2,623 SF medical office building.
  • 7.55% cap rate with a $34,632 NOI.
  • 100% occupancy across 10 units.
  • Located at 7520 Irmo Dr, Columbia, SC 29212.
  • Gross lease, Class C, multi-tenant property built in 1995.
  • Features approximately 800 SF of unfinished space offering value-add potential.

Property Details for 7520 Irmo Dr

Property type
Office properties, Medical offices
Square Feet
2,623 SF
Class
C
Year Built
1995
Buildings
1
Stories
2
Units
10

Location Insight

City
Columbia
County
Lexington
State
South Carolina
Latitude
34.0882769
Longitude
-81.1897385
7520 Irmo Dr, Columbia, South Carolina

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7520 Irmo Dr
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