Oct
22

Builders FirstSource in Columbia Sold for $5.2 Million

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builders firstsource blythewoodThe Royston Group has completed the sale of a single tenant, triple net lease industrial facility. The 106,000 square foot site, located in Blythewood, South Carolina, sold for $5.2 million. Built in 2005, the property sits on 22.01 acres of land which is leased to building supply company Builders FirstSource.

The Royston Group’s Greg Cortese and Rob Sutton represented the seller in the transaction. The buyer selected this property due to the 15 Year NNN lease and the strong company credit in Builders FirstSource. Builders Firstsource has been operating at the site for over 10 years giving the company valuable access to the region’s growing residential home development . The buyer is private real estate investor based in northeast and the seller is a family real estate company based in California.

“The company credit, the site access to residential growth markets and the long term NNN lease made this site a very valuable and stable net lease investment.” said Sutton.

Additional property information can be found at the expired Loopnet listing.

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    Categories : Columbia, Uncategorized

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