For Sale
$2,300,000

6941 Trenholm RdColumbia, SC 29206

Value-add retail & office complex, high NOI potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add opportunity presents a fee-simple interest in Pinnacle Professional Park, a 40,680-square-foot mixed-use property situated on 2.46 acres in Columbia, South Carolina. The property, built in 1967 and renovated in 2021, features 41 suites across 35,000 net rentable square feet, currently boasting 93% occupancy with a diverse tenant mix including medical, professional, and retail businesses. The property's current NOI is $138,594, with a pro-forma NOI projected at $296,076, reflecting a significant value-add potential through lease renewals and rent increases to market rates. The majority of tenants are on short-term leases, presenting a substantial opportunity to enhance profitability. Located at 6941 N Trenholm Rd, Columbia, SC 29206, the property benefits from high visibility and traffic counts on N Trenholm Rd (9,400+ vehicles per day) and Decker Blvd (25,300+ vehicles per day). Its strategic location near Dent Middle School, multiple apartment complexes, national retailers, and the site of a future $100 million mixed-use development further enhances its investment appeal. The asking price is $2,300,000, representing a current cap rate of 6.03% and a pro-forma cap rate of 12.87%. The property is zoned GB and offers a compelling investment opportunity in a thriving market fueled by the state capital, the University of South Carolina, and significant economic growth, including a substantial new manufacturing plant creating thousands of jobs. The property is classified as Class C, with a gross lease type.

Highlights

  • Value-add multi-tenant office and retail center in Columbia, SC.
  • Significant value-add opportunity: Most tenants on short-term leases paying below market rent.
  • High occupancy: 93% occupied with 41 suites.
  • Diverse tenant mix: Medical, professional, and retail businesses.
  • Excellent location: High visibility on N Trenholm Rd (9,400+ VPD) and Decker Blvd (25,300+ VPD).
  • Strong surrounding demographics: Near Dent Middle School, apartments, national retailers, and a future $100 million mixed-use development.

Property Details for 6941 Trenholm Rd

Property type
Lifestyle centers, Power centers
Square Feet
40,680 SF
Class
C
Year Built/Renovated
1967/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
107,158 SF
Units
41

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
34.0621312
Longitude
-80.9580307
6941 Trenholm Rd, Columbia, South Carolina

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6941 Trenholm Rd
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