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Columbia warehouses sell for $7.25 million

Real Estate - Commercial
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Three Columbia industrial warehouses totaling 136,000 square feet have sold for $7.25 million.

Three Columbia industrial warehouses totaling 136,000 square feet have sold for $7.25 million to NV LLC. (Photo/Provided)NV LLC purchased the Sunbelt Court buildings in a transaction facilitated by Colliers South Carolina’s industrial team of Chuck Salley, Dave Mathews, Thomas Beard and John Peebles, who represented the seller, Judy-Sunbelt Properties LLC.

The portfolio was 96% leased at the time of the sale, according to a news release from Colliers, with an average tenant occupancy term of 13 years. Tenants include TopBuild, Campbell Soup Co., Continental Carbonic Products Inc. and Carolina Wholesale Floors.

“This portfolio has demonstrated great tenant loyalty over the past two decades,” Salley, vice president and director of industrial brokerage in Colliers’ Columbia office, said in the release. “Most tenants had a history of multiple renewals and the buildings are in an excellent location right off of I-20 and equidistant to the Columbia MSA’s major housing markets and suburban communities. These are attractive qualities for industrial investors.”

Sumter pharmacy building sells to California-based buyer

A 10,125-square-foot retail building at 41 East Calhoun St. in Sumter has sold to the California-based Richard K. Jansen Trust for $3.6 million. CVS Pharmacy, which has operated at the location since 1999, holds on long-term lease for the building.

Since March 2020, Jon Busse of Colliers San Diego, who represented the buyer, has brokered five CVS single-tenant retail buildings in five states, according to a news release. Joshua Berger of Kidder Matthews represented the seller, Pogback Real Estate LLC.

“Deals continue to happen across the country for properties with essential, high-credit retail tenants such as CVS Pharmacy,” Busse said. “This property features a recently extended 15-year lease, which was appealing to this California-based investor.”

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