Updated May 12, 2025
Denholtz Acquires Mixed-Use Property In Columbia SC From CB Equities For $13.8M
100 Northeast Dr, 200 Northeast Dr, 300 Northeast Dr, 400 Northeast Dr & 6904 North Main Street
$13,800,000
$28/SF
Building Size
98,386 SF
Asset Type
Mixed-use
Closing
Mar 17, 2025
About this deal
AI
The property involved in the transaction is a mixed-use asset located at 100 Northeast Dr, 200 Northeast Dr, 300 Northeast Dr, 400 Northeast Dr & 6904 North Main Street in Columbia, SC. It encompasses a total area of 98,386 square feet and was acquired for $13,800,000, resulting in a price per square foot of approximately $140.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $13,800,000
- Square Footage: 98,386
- Address: 100 Northeast Dr, 200 Northeast Dr, 300 Northeast Dr, 400 Northeast Dr & 6904 North Main Street
- Market: Columbia, SC
- Buyer: Denholtz
- Seller: CB Equities
The transaction was facilitated with Denholtz being represented by their broker, while CB Equities sold the asset after acquiring it for $10.5 million three years prior. This purchase marks a notable transaction in the Columbia market.
On the Map
$13,800,000
$28/SF
Mixed-use
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Players
Lugoff Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93