About this Property
The Property consists of approximately 48,000 square feet of office space on 5.25 acres in Columbia, SC. The single story, multi-tenant, suburban office building is steel frame construction with a brick veneer.
The Property is well-located in Columbia’s northeast office submarket on the west side of Parklane Road. Parklane provides immediate access to I-277, connecting Columbia’s CBD to the northeast suburbs. In addition, the property is strategically located at the intersection of I-77 and I-20, two of South Carolina’s largest interstates. The immediate area is developed with numerous multi-family, suburban office and retail developments.
Since acquisition, RealOp has undertaken approximately $400,000 in property improvements. The project thesis is to continue the value-add initiatives; increase occupancy; drive rent growth; manage aggressively and exit profitably.
- Stabilized Asset
- 95% Occupied with 5-7 year lease terms
- Well located at the intersection of two major interstates, I-77 and I-20
- Recent building and tenant-related improvements totaling $400,000
- Excellent visability