Trinity Partners announced the sale of a Class A office building located at 4875 Forest Drive in Columbia, SC. Nestled in the heart of Forest Acres, this property benefits immensely from its position on one of the city’s busiest thoroughfares, ensuring high visibility and accessibility. Its proximity to key business hubs and residential areas alike makes it an ideal spot for the buyer’s growing medical practice.
Macon Lovelace, SIOR and Meredith Rhodes of Trinity Partners represented the seller, Southwood Holding Co. LLC in the transaction. There was no buyer representative. The purchaser owns a related medical practice and will eventually occupy all vacant space in the building, while TD Bank and the other existing tenants will remain for the foreseeable future. The 15,186 square foot building was purchased for $2,450,000.
The buyer will make extensive improvements to modernize the second-floor vacant space. Additionally, deferred maintenance such as a new roof and HVAC system will eventually be completed to improve the overall value of the building. The tenant is expected to occupy the renovated space in the summer of 2024.
“The demand for medical offices in Columbia is experiencing a significant surge, reflecting the city’s growing healthcare needs. In such a dynamic market, the role of a knowledgeable commercial brokerage is crucial. At Trinity Partners, we understand the unique requirements of the healthcare sector and the local real estate landscape. Our expertise allows us to identify and secure optimal spaces for medical offices, often through creative solutions that go beyond traditional real estate transactions” commented Meredith Rhodes, Brokerage Associate at Trinity Partners.
For additional information, please contact Macon Lovelace at [email protected] or Meredith Rhodes at [email protected]. To learn more about Trinity Partners, visit trinity-partners.com and follow us on social media.
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ABOUT TRINITY PARTNERS
With decades of experience and a distinctly local perspective, Trinity Partners provides a comprehensive platform of commercial real estate services for users and owners looking to expand and grow in the Carolinas. Our experts evaluate each client’s needs and craft unique solutions based on deep market knowledge, industry best practices, and a best-in-class mindset that consistently delivers results. We’re known for our entrepreneurial spirit and respected team of professionals who are directly responsible for our company’s success and collaborative culture. We currently lease and/or manage over 26 million square feet of office, industrial, life science, mixed-use, and retail space across the region through our offices in Charlotte and Raleigh, North Carolina, and Greenville and Columbia, South Carolina. www.trinity-partners.com