28,000 SF Stabilized Medical Office at The Cliffs — 10% In-Place Cap, $1.8M Upside

Description:

Diamond Investments is pleased to present Offices on Eleven — a 28,000 SF, 94%-leased Class B medical/flex office building situated on 5.32 acres along Highway 11 in Travelers Rest, SC. The asset sits within The Cliffs luxury community corridor and trades at a stabilized 10% in-place cap rate with a clear, executable path to a $4.5M exit valuation and $1.8M in equity upside.

Investment thesis:
- Stabilized 10% in-place cap rate — a rare yield profile in today's medical office market.
- Two-year capital program complete: HVAC upgrades, roof maintenance, interior renovations, parking re-stripe, security network, and cloud-based property management software. Deferred maintenance is fully addressed.
- Anchor tenant South Street Partners (PE, $3B AUM); curated roster also includes Crescent Hospitality (The Cliffs Communities lodging), Crystal Valley Day Spa, McAbee Architects, and Hometown Roof & Exterior Cleaning.
- One small suite (Ste 104 / 1,750 SF) remains for lease-up upside.
- Truly passive operations — on-site professional and newly integrated cloud-based PM software handle day-to-day; ownership effort runs under one hour per month.
- 1031-eligible.

Building specs: 2 stories • 14,000 SF typical floorplate • 150 parking spaces (5.36 / 1,000 SF) • Year built 2007 • Zoning C — Commercial.

Full OM, T-12, and rent roll available under CA.