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Carolina Center Business Park
A multi-tenanted suburban flex office and warehouse development. The property consists of three buildings: Center I, Center II and Center IV built in 1985, 1984 and 1987, respectively. The three buildings total 110,465 square feet and are situated on approximately 10.6 acres.
Intrinsic Value
Purchase price below replacement cost
Property Fundamentals
Competitive Positioning – High-quality, Class-B suburban property in a strategic location easily accessible to downtown, Columbia Metropolitan Airport, the Lexington Medical Center complex, and the region’s extensive interstate highway system.
Stable Tenancy – High-quality tenant roster, many with a long history in the property.
Minimal Short-Term Vacancy Risk – less than 30% of square footage up for renewal within three years.
Market Fundamentals
Local Economic Profile – Stable and growing local economy with an excellent history of below-average unemployment levels and above-average job and population expansion.