The Offering
CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer The Village Medical Office Park (the “Property” or alternatively, “The Village”) for purchase. The Village consists of 19 buildings totaling 95,622 square feet on an ±11.312-acre site. Built between 1995 and 2003, The Village is 89.7% leased to a diverse tenancy offering a variety of medical services as well as retail. In addition, the Property boasts hospital tenancy with The Regional Medical Center and investment grade credit tenants – Hanger Inc. (Moody’s ‘Baa3’) and LabCorp (Moody’s ‘Baa2’).
Offering Price: Best Offer
Address: 1889 – 1943 St. Matthews Road, 1703 – 1773 Village Park Drive, Orangeburg, SC
Property Size: 95,622 SF
Years Built: 1995-2003
Occupancy: 89.7%
In-Place NOI: $1,066,933
The Village is strategically positioned just minutes from The Regional Medical Center (“RMC”), a 286-bed, acute care hospital with more than 100 physicians on staff, over 1,200 employees and 150 volunteers. RMC is a non-profit hospital owned by Orangeburg and Calhoun counties and has a strong history of commitment to the health of the community.
Offers Requested by Thursday, May 12th, 2016 – 5:00 PM EDT
Investment Highlights
- Proximate to The Regional Medical Center
- Investment Grade Credit and Hospital Tenancy
- Large Student Population
- Diverse Tenant Mix
- Value-Add Opportunity Through Lease-Up and Mark-to-Market of Rents
- Easily Accessible Location
- Appealing Aging Trends
- Delivered Free and Clear of Existing Debt
Contact Information
CBRE U.S. Healthcare Capital Markets Group
Lee Asher
Executive Vice President
+1 404 504 5965
lee.asher@cbre.com
Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com
CBRE Debt & Structured Finance
Greg Greene
Senior Vice President
+1 214 949 5617
greg.greene@cbre.com
South Carolina Brokerage Services
Aaron Dupree, CCIM
Vice President
+1 803 744 6859
aaron.dupress@cbre.com
North Carolina Brokerage Services
Patrick Gildea
Senior Vice President
+1 704 331 1217
patrick.gildea@cbre.com
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