710 Lady StColumbia, SC 29201

Property Details for 710 Lady St

Property size (Sq ft)

9,120 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Columbia

County

Richland

State

South Carolina

Latitude

33.9998

Longitude

-81.0418

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