For Sale
Call for price

710 Lady StColumbia, SC 29201

9,120 SF Vista Office, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 9,120-square-foot office building presents a compelling value-add investment opportunity in Columbia, South Carolina's vibrant Vista district. Located at 710 Lady Street, this single-story building boasts 16 parking spaces and benefits from its prime location within walking distance of numerous restaurants, hotels, the Statehouse, and Main Street. The property, situated in a former warehouse district now thriving with entertainment, hospitality, and office spaces, underwent a major renovation and upfit in 2017, following an initial renovation around 2008. Currently, 5,500 square feet are leased to an oral surgery practice under a new 10+ year lease, generating a net operating income (NOI) of $105,000. The remaining space is available for lease, offering significant potential to increase the current pro-forma NOI of $160,000. The property is offered as a Triple Net (NNN) lease with a multi-tenant occupancy, currently housing one tenant. The lease commenced on August 1, 2023, and includes a 2% annual rent bump provision. This property offers a blend of stable income and significant upside potential in a highly desirable location. The building is classified as both creative and traditional office space.

Highlights

  • 9,120 SF office building in Columbia, SC's Vista district.
  • 16 parking spaces; walking distance to restaurants, hotels, Statehouse, and Main Street.
  • Value-add opportunity with a mix of creative and traditional office space.
  • Currently 5,500 SF leased to an oral surgery practice (10+ year lease, $105,000 NOI); remaining space available for lease, offering potential for $160,000+ NOI.
  • NNN lease; renovated in 2017 (with prior renovations in 2008); 2% annual rent bumps.

Property Details for 710 Lady St

Property type
Office properties, Office space
Square Feet
9,120 SF
Year Renovated
2017
Buildings
1
Stories
1

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
33.999778561623
Longitude
-81.041837524051
710 Lady St, Columbia, South Carolina

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710 Lady St
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