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

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