2340 Broad River RdColumbia, SC 29210

Property Details for 2340 Broad River Rd

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

17.49 AC

Property size (Sq ft)

147,408 SF

Zone code

M-1

Property type

Other commercial real estate

APN

R07403-04-07

APU

R074030407

Description

This exceptional investment opportunity presents a 135,675-square-foot, single-story office building in Columbia, South Carolina. Currently 100% occupied by a credit-rated, investment-grade tenant, Teleperformance, under a triple-net (NN+) lease with a 6-year term commencing April 13, 2024, and expiring December 3, 2024. However, the lease was recently extended through June 30, 2030. The property, built in 1969 and renovated in 2014, boasts a 9.50% cap rate and features a substantial 1,050-space parking lot (approximately 8 spaces per 1,000 square feet), exceeding market standards. Situated on a 17.49-acre lot zoned M-1, this property enjoys a prime location at the nexus of Interstates 20 and 26, offering exceptional accessibility and visibility. The tenant, a global leader in the call center industry, has invested over $7 million in capital improvements since 2014 and has an additional $800,000 planned for 2024. The building is a masonry structure with primarily asphalt and modified built-up roofing systems, supported by 46 rooftop HVAC units. The property's flat to gently sloped topography ensures efficient drainage, and a perimeter fence and 24-hour security enhance its safety. The substantial parking area presents a potential opportunity for outparcel development. This Core+ investment offers significant long-term upside potential due to the below-market rental rate and the tenant's substantial investment in the property. The property is located in Richland County, South Carolina, zip code 29210, at 2340 Broad River Rd.

• Alternative Use

  Use

  Valuation

  Residential

  $25,375,062

  Hospitality

  $23,243,420

  Educational

  $19,338,252

  Medical

  $20,003,324

  Retail

  $30,081,726

Location Insight

City

Columbia

County

Richland

State

South Carolina

Latitude

34.0417

Longitude

-81.0937

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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