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Office

Stoneridge Office Park

240 Stoneridge Dr, Columbia, SC 29210

Listing Price: $18,000,000

Cap Rate
7.69%
Gross SF
186,124
Rentable SF
186,124
Price/Gross SF
$96.71
Lot Size
14.98 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Stoneridge Office Park, a three-building office park located in Columbia, South Carolina. The buildings total 186 ,124 square-feet and rest on a combined total of approximately 14.98 acres. The office park is currently 78% occupied, and offers substantial value-add opportunity through extending lease terms, and filling vacancies. The center is ideally located just of f the Greystone Blvd & Interstate-126 interchange, exposed to a combined total of over 75,400 vehicles per day. Additionally, the properties rest within a two-mile radius of numerous apartment complexes, totaling over 1,500 units combined. The Columbia metro contains the state capitol and the University of South Carolina. A s a result, the market has a growing and diverse economy with a strong base in government, education and insurance. Home to six major universities & the nations’ largest Army training facility, the city of Columbia itself is the second most populous city in South Carolina, with 135,000 people. Overall, the metro’s 848,000 residents are spread among six counties in the central portion of the state: Richland, Calhoun, Lexington, Fairfield, Kershaw and Saluda.

Investment Highlights

  • 77% Occupied Multitenant Office Portfolio Located in Columbia, SC | Three Buildings Totaling 186,124 SF
  • Strong Tenant-Mix | Major Tenants Include University of South Carolina & Fortis College | Medical, Government & Law Firms | Value-Add Opportunity by Extending Terms, & Filling Vacancy
  • Staggered Lease Rollover | Majority of Leases Feature Annual Escalations | Located Just Off Greystone Blvd (12,600+ VPD) & I-126 (62,800+ VPD) Interchange | Roughly 3-Miles to Downtown Columbia
  • Less than 4-Miles to both Prisma Health Richland Hospital (641 Beds) & Lexington Medical Center (557 Beds)
  • Over $2 Million in CapEx Since 2019, Including New LED Lighting, HVAC Control Upgrades, & Common Area Renovations

Exclusively Listed By

Office

Stoneridge Office Park

Listing Price: $18,000,000

Cap Rate
7.69%
Gross SF
186,124
Rentable SF
186,124
Price/Gross SF
$96.71
Lot Size
14.98 acres
Year Built
1982

Investment Highlights

  • 77% Occupied Multitenant Office Portfolio Located in Columbia, SC | Three Buildings Totaling 186,124 SF
  • Strong Tenant-Mix | Major Tenants Include University of South Carolina & Fortis College | Medical, Government & Law Firms | Value-Add Opportunity by Extending Terms, & Filling Vacancy
  • Staggered Lease Rollover | Majority of Leases Feature Annual Escalations | Located Just Off Greystone Blvd (12,600+ VPD) & I-126 (62,800+ VPD) Interchange | Roughly 3-Miles to Downtown Columbia
  • Less than 4-Miles to both Prisma Health Richland Hospital (641 Beds) & Lexington Medical Center (557 Beds)
  • Over $2 Million in CapEx Since 2019, Including New LED Lighting, HVAC Control Upgrades, & Common Area Renovations

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Stoneridge Office Park, a three-building office park located in Columbia, South Carolina. The buildings total 186 ,124 square-feet and rest on a combined total of approximately 14.98 acres. The office park is currently 78% occupied, and offers substantial value-add opportunity through extending lease terms, and filling vacancies. The center is ideally located just of f the Greystone Blvd & Interstate-126 interchange, exposed to a combined total of over 75,400 vehicles per day. Additionally, the properties rest within a two-mile radius of numerous apartment complexes, totaling over 1,500 units combined. The Columbia metro contains the state capitol and the University of South Carolina. A s a result, the market has a growing and diverse economy with a strong base in government, education and insurance. Home to six major universities & the nations’ largest Army training facility, the city of Columbia itself is the second most populous city in South Carolina, with 135,000 people. Overall, the metro’s 848,000 residents are spread among six counties in the central portion of the state: Richland, Calhoun, Lexington, Fairfield, Kershaw and Saluda.

Exclusively Listed By

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