Fully leased 3 building flex center 3 Properties Offered at $1,400,000 in Columbia, SC
INVESTMENT HIGHLIGHTS
- Prime Investment Opportunity | 100% Occupied Flex Center Located in Columbia, SC
- All NNN Leases | Minimal Landlord Responsibilities
- Diverse Tenant Mix Including a Nutritionist, Salons, Printing Company, Steri-Clean, and More
- Three Buildings Totaling 12,310 SF | Additional Shed Excluded from GLA
- Value-Add by Raising Below Market Rents | Short-Term & M-T-M Leases
- Located Just Off Of Broad River Rd (22,500+ VPD) In Columbia, SC
EXECUTIVE SUMMARY
The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Hensley Flex Center, a fully occupied business park consisting of three buildings totaling 12,310 square-feet along with an additional shed. The property features an eclectic tenant mix all on NNN leases with minimal landlord responsibilities. With less than two years of term remaining on all leases, the property offers substantial value-add opportunity by raising rents to market and extending terms. The buildings are situated on 1.82 acres just off of Broad River Rd in Columbia, South Carolina.
The Columbia metro contains the state capital and the University of South Carolina. As a result, the market has a growing and diverse economic base with a strong foundation in government, education and insurance. The city of Columbia itself is the second-most populous city in South Carolina, with 141,000 people. Overall, the metro’s 851,000 residents are spread among six counties in the central portion of the state: Richland, Calhoun, Lexington, Fairfield, Kershaw and Saluda.
The Columbia metro contains the state capital and the University of South Carolina. As a result, the market has a growing and diverse economic base with a strong foundation in government, education and insurance. The city of Columbia itself is the second-most populous city in South Carolina, with 141,000 people. Overall, the metro’s 851,000 residents are spread among six counties in the central portion of the state: Richland, Calhoun, Lexington, Fairfield, Kershaw and Saluda.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,400,000 |
| Price / SF | $112.81 / SF |
| Cap Rate | 7.46% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 12,410 SF |
| Total Land Area | 5.34 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Building A
120 Kaminer Way Pky, Columbia, SC 29210 |
Flex | 4,800 SF | 1995 | - |
|
Building B
120 Kaminer Way Pky, Columbia, SC 29210 |
Flex | 3,450 SF | 1990 | - |
|
Building C
120 Kaminer Way Pky, Columbia, SC 29210 |
Office | 4,160 SF | 1990 | - |
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