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Bamberg company buys Northeast flex building

Staff Report //January 4, 2021//

Bamberg company buys Northeast flex building

Staff Report //January 4, 2021//

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A 111,509-square-foot industrial flex building in Northeast Columbia has sold for $4.7 million.

Trinity Partners facilitated the $4,725,000 sale of 130 Pinnacle Point to Bamberg-based Brabham Oil Co. Trinity’s Macon Lovelace, Dail Longaker and Robbie Cook represented the seller, Columbia-based Boss’s Pinnacle Point Drive LLC.

The building was 93% leased to two long-term tenants, according to a news release. The new owner will retain Trinity Partners to lease and manage the property.  

“This investment sale is a tremendous success story for Trinity’s full-service commercial real estate platform,” Cook said in the release. “Our ability to negotiate simultaneous lease extensions with in-place tenants changed the game, making the asset a highly attractive investment opportunity. The renewed long-term leases, the asset type and quality, good in-place returns, and the potential of added value through future leasing prospects made this deal a no-brainer for Brabham Oil.”

Landmark Office and Medical Park sold

Landmark Office and Medical Park, a three-building property at the corner of Forest Drive and Beltline Boulevard, has been sold to Greenville-based investment group LM Cola Partners LLC.

The 215,000-square-foot park is currently occupied by 50 tenants including medical practices and nonprofits. NAI Columbia will maintain the leasing and management of the park, and suites ranging from less than 1,000 square feet to 6,000 square feet are available, according to a news release.

NAI Columbia principal Peyton Bryant and Peter Couchell, Furman Capital Advisors managing director, facilitated the transaction with the assistance of NAI’s Jeff Hein, Ryan Causey and Alex Johnson and Furman Capital Advisors’ Rob Schmidt and Luke Hall.

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