Business center sold in South Carolina

Marcus & Millichap Real Estate negotiated the sale of the Farrow Road Business Center in Columbia, S.C.

The value of the transaction was $13.5 million.

The Farrow Road Business Center is located at 8911 Farrow Road near I-77 and I-20. The two-tenant property was constructed in 1994 and renovated in 2001. The sale includes 94,020 rentable square feet on a 5.8-acre lot. The State of South Carolina and Webster University occupy the entire building under long-term lease agreements.

A local private investor sold the property to a Meridian, Idaho-based investment partnership.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.

***

What's your opinion? Send your Letter to the Editor to opinion@inman.com.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.