Jul
29

Columbia’s Stoneridge Office Park Sold for $46/SF

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CBRE| Columbia has announced the sale of the Stoneridge Office Park, a three-building office park at 220, 240 and 246 Stoneridge Drive in Columbia, South Carolina. The Park is located in the St. Andrew submarket. The office team of CBRE|Columbia, working with the CBRE office in Charlotte represented the buildings’ seller.

The three Class-B four-story buildings collectively total 185,094 rentable square feet and are 76.5% occupied. They were constructed in 1974, 1980, and 1984 on four parcels totaling 14.98 acres. The Park features excellent visibility from I-126 and is easily accessible from Stoneridge Drive. Major tenants include Siemens, Eaton, CH Robinson and Fortis College. Rental Rates are generally in the range of $14.50 to $15.50/RSF.

The sales price was $8,550,000, or $46.19 per square foot. The capitalization rate was not reported.

 

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