710 Lady St Columbia, SC 29201
- Office Properties & Spaces
- 9,120 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 710 Lady St
- Property size
- 9,120 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Longitude
- -81.0418
- Latitude
- 33.9998
