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29181501
29181502

120 Kaminer Way Pkwy, Columbia, SC 29210 For Sale

AP
SC 108539, GA 428443 (+1)
Northmarq
Listed by Northmarq
$1,200,000
190 days on market
Updated 56 days ago

Hensley NNN Flex Center | Value-Add | Seller Financing

Details
Property Type Retail, Office (+1)
Sub Type Storefront, Traditional Office (+1)
Square Footage 12,310
Net Rentable (SqFt) 12,470
Units 9
Cap Rate 9.09%
NOI $109,033
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 10.63%
Pro-Forma NOI $127,545
Price per SqFt $97
Year Built 1990
Buildings 3
Stories 1
Acreage 1.820
Zoning INS - Institutional
Investment Type Value Add
Ground Lease No

9.09% CAP | 100% Occupied | Seller Financing Available

Marketing description

Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the Hensley Flex Center, a fully occupied business park consisting of three buildings totaling 12,470 square feet along with an additional shed. The property features a diverse tenant mix, all on NNN leases with minimal landlord responsibilities. With less than two years of term remaining on all leases, the property offers substantial value-add opportunity by raising rents to market and extending terms. The buildings are situated on 1.82 acres just off of Broad River Rd in Columbia, South Carolina.

As the state capital, Columbia is the home of the state’s largest public university, the University of South Carolina as well as Fort Jackson, one of the primary training hubs for the United States Army. Over the last few years, the Carolinas have seen significant growth and continue to be one of the most desirable and in-demand markets within the United States.

Investment highlights

Seller Financing Available

Value-Add Flex Asset | 100% Occupied Flex Center Located in Columbia, SC | Value-Add Potential with Short-Term Leases & Below Market Rents

Offered Well-Below Replacement Cost | Three-Building Flex Park Totaling 12,470 SF on 1.82 Acres | Additional Shed/Storage Structure Excluded from GLA

Diverse Tenant-Mix | All NNN Leases | Fully Occupied by Nine Tenants All on NNN Leases | Minimal Landlord Responsibilities | Tenants Include a Nutritionist, Salons, Printing Company, Steri-Clean, and More

Excellent Accessibility | Located Just Off of Broad River Rd (22,500+ VPD) In Columbia, SC | In Close Proximity to Interstate 26, Interstate 20, University of South Carolina, Downtown Columbia, & More

Close Proximity to Numerous Major Developments | Near the 181-AC BullStreet District Expansion | Major Mixed-Use Development Transforming Former Hospital into a Live-Work-Play Campus

Growing Downtown Columbia Pipeline | Developments Include the $80 Million Mixed-Use Development Recently Announced in the Vista & ōLiv Columbia, a $225 Million, 2,350-Bed Mixed-Use Project

Rapidly Expanding Student-Base at the University of South Carolina | Less than 10 Miles to USC | Systemwide 2024 Enrollment of 56,100+ Students | Record-Breaking 2025 Freshman Class | Largest University in the State | Annual Economic Impact Over $7.4 Billion

Listing Contacts

AP
SC 108539, GA 428443 (+1)
Northmarq
Listed by Northmarq

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$109,033.00
$9,086.08/mo

Valuation Metrics

0
DSCR
9.09%
Cap Rate
9.09%
ROI

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Additional Information

Name
Ani Paulson
License
108539
Brokerage
Marcus & Millichap Charleston
Brokerage Phone
6788082804
Title
Senior Director Investments
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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