Business center sold in South Carolina

Tenants include government, academic entities

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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....