Landmark Office IV

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Price:

CAP Rate:

NOI:

Units

Rentable SF:

Lot Size:

$5,900,00

8.07%

$475,896

22

69,814

3.85 acres

Recent Building Improvements: The building has undergone substantial capital expenditures in recent years including, but not limited to, $256,795 total cost for replacement of both elevator cabs (2025), a $32,690 hydraulic line replacement for one of the elevators (2022), and a brand-new roof installation (2019) with a watertight warranty that extends until October of 2034.

Strong Tenant Mix: The property features a strong and diverse tenant mix, with a significant concentration of established medical, legal, and financial users that contribute to a stable, professional, and highly desirable office environment.

Strategic Location in a Strong Commercial Corridor: This property is ideally located within the commercial corridor of Forest Dr (±29,700 VPD) and I-77 (±102,000 VPD), one of the busiest commercial corridors in the greater Columbia area. With close proximity to strong retail presences, such as Walmart, Kroger, and Chick-fil-A, military base Fort Jackson, as well as schools like AC Flora Highschool, Brennan Elementary, and Bradley Elementary, this property is uniquely poised to benefit from its strong market exposure, given its proximity to the aforementioned large traffic drivers.

Abundant Healthcare Market Growth: The healthcare job market in South Carolina grew by 14.4% from 2019 to 2024, and it is expected to grow an additional 9.5% by 2029, demonstrating the area’s strong market fundamentals for medical office space,and its healthcare industry at large.

Rapidly Developing Market: Columbia, the capital city of SC, is the second largest city in the state, with an MSA population of over 870,000 people. With its booming downtown, rapidly growing population, and its exceptional economic environment, Columbia boasts itself as an excellent market that continues to show strong signs of healthy growth for years to come.

Excellent Demographics: With a 5 mile population density of ±170,000 people and a 3-mile average household income of $106,869, this property is ideally situated for excellent customer exposure through its proximity to a large and affluent customer base.

For more information:

Robert Schmidt, CCIM
Director & Shareholder
(864) 678-5995
Peter Couchell, CCIM
Managing Director & Shareholder
(864) 678-5923
Lawrence Myers
Associate
864-313-2817

Property Summary

Property Type:

Office

Lot Size:

3.85 Acres

Buildings:

1

Investment Summary

CAP Rate:

8.07%

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Confidentiality Agreement Form


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Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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