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1333 Pineview DrColumbia, SC 29209
1333 Pineview Drive
Asset ClassIndustrial
Site Area226.95 K Sq. Ft
Net-Lease Warehouse W/ Over 1.80 Acres of Gated Outdoor Storage
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a 14,000 Sqft Industrial building in Columbia, SC. The Premises has been leased to Lightspeed Construction Group for 12 years with 4 years remaining. The Asset boasts over 1.85 Acres of IOS and is well positioned in an industrial node along Pineview Drive.

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Investment Highlights

STRONG LEASE FUNDAMENTALS

  • 3% annual rent increase during base term and options periods | Absolute NNN providing no Landlord Responsibilities
  • Two (2) - two (2) year option periods

STRONG GUARANTOR

  • Full Circle Fiber Partners (guarantor) has over 150+ locations nationwide and is an affiliate of of Mill Point Capital (Over $2.5B AUM)

GATED IOS SITE NEAR MAJOR LOGISTIC ROUTES

  • Over 1.85 Acres of gated IOS
  • Over 14,000 square feet of indoor storage
  • Approximately 6.35% of Building/Lot Coverage
  • Less than 2.5 Miles to I-77 (70,200 VPD) & ~9 miles to I-26 (70,900 VPD)

RECENT BUILDING RENOVATIONS

  • Property was recently renovated to add outside LED lighting for security, recycled concrete throughout the yard, new exterior paint, additional fencing, repair roof leaks, and full office renovation

LOCATED IN INDUSTRIAL NODE

  • Over 4.4MSF of industrial space within a 1-mile radius of subject site
  • Nearby industrial users include: Amazon, Fedex Ground, GMS, Beacon Roofiing Supply, Cummins, 84Lumber and more

COLUMBIA, SC GROWTH

  • The South Carolina State Capital has an annual growth rate of 1.46% and has the population has grown more than 6% since 2020
  • Columbia has a strong job market with projected job growth of over 27% in the next ten years
  • Scout Motors chose Columbia for it’s new $2B manufacturing project, adding 4,000+ jobs, the largest development project in Richland Country history
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1333 Pineview DrColumbia, SC 29209

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Listing provided by Revere CRE