Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in Pinnacle Professional Park, an office and retail center located in Columbia, South Carolina. Resting on approximately 2.46 acres, the office & retail center totals 40,680 square-feet with a gross leasable area of roughly 35,000 square-feet. Consisting of 41 suites, the subject property is roughly 93% occupied with a diverse tenant mix of office and retail users including medical tenants, CPA offices, hair salons, a staffing firm, and many others. As most tenants are on short term leases with below market rents, the subject property offers substantial value-add opportunity by raising rents to market & extending terms. 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 131,900 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. *NOI assumes tenants with expiring leases during Year 1 move to M-T-M at their current rate until 7/1/2024. **Some suite sizes are estimated.