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Dec 7, 2015 2:22 PM ET

Archived: Parklane Centre: 48,000 square feet of office space on 5.25 acres in Columbia, SC

iCrowdNewswire - Dec 7, 2015

Parklane Centre

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.

Key Points

  • 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
Contact Information:

RealOp Investments

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