Marketing Description
Furman Capital Advisors is pleased to offer the opportunity to purchase a fee simple interest in a high quality office space / manufacturing / distribution facility in Columbia, SC.
Investment Highlights
- Immediate NOI and Cap Rate Growth Potential: Tenant/Seller is in need of an immediate expansion for storage and distribution space. The site includes an additional preconstructed ±8,600 concrete pad ready for construction. Tenant/Seller is prepared to lease a newly constructed expansion space. Please request further details from the Listing Broker.
- Long Term Sale-Leaseback: Tenant/Seller will sign a new 10-year Absolute Net Lease with two 5-year options.
- Zero Landlord Responsibilities: The Absolute Net Lease structure creates a 100% hands off investment and provides true mailbox money.
- Favorable Rent Increases: The new lease will include 10% rent increases every five years throughout the base term and options.
- Strong & Prideful Tenant: ARK Therapeutics is an innovative company servicing special needs clients and has seen significant year-over-year growth to over $7 million in annual gross revenue. All products are made in the USA.
- High-Quality Office & Light Industrial Construction: Over sixty percent of the existing building is high-quality office space, including eight bathrooms, multiple conference rooms, break room, and an employee gym. The existing manufacturing/distribution space is climate controlled and in excellent condition.
- Large Site with Future Expansion Potential: The land parcel is ±4.87 acres with a shared drive that may allow for future expansion or constructing a separate building.
- Exceptional Location: The Clemson Road submarket is one of the fastest growing areas in Columbia. The property is located only 2.1 miles from I-20 (70K VPD) and 1.1 miles from Columbia’s most trafficked retail corridor on Two Notch Road.
- High-Demand Investment Market: Columbia is the State Capital and the second largest MSA in South Carolina comprised of 816,450 residents.