Kiowa Professional Park in Greenville area sells to local investor
June 18, 2019
CBRE has arranged the sale of Kiowa Professional Park, a two-building 56,050-sq.-ft. office/flex property in Piedmont, SC, eight miles south of Downtown Greenville with direct access to Interstates 85 and 185. The two multi-tenant flex buildings are 81% leased and offer abundant parking and warehouse space. Local investor NV, LLC, acquired the asset for $4.175 million.
CBRE’s Tripp Sellers, David Redmond, Charles Gouch, and Shelby Dodson represented the seller, Horizon Trust Properties, LLC, in the transaction.
“The asset is located strategically within the region, carrying strong demographics and exceptional accessibility. This, paired with the in-place cash flow of a fully leased property, makes Kiowa Professional Park a great overall investment,” said Mr. Sellers, vice president at CBRE.
Built in 2005, the one-story Building A includes 22,000 sq. ft. of office space. Building B was constructed in 2008 and contains 36,100 sq. ft. over two stories. The building has a unique modern entrance that opens into a two-story front lobby, and large glass conference rooms. The back of the building features 2,000 sq. ft. of warehouse space, two dock high doors and two drive-in doors to accommodate warehousing logistics and transport.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
