Updated Nov 4, 2023
Trinity Partners Sells Multi-Tenant Office Building In Columbia For $3.95M
1021 Pinnacle Point Drive Columbia, South Carolina 29223, USA
$3,950,000
$97/SF
Building Size
40,400 SF
Asset Type
Office
Closing
Aug 2, 2023
About this deal
AI
A multi-tenant office building located at 1021 Pinnacle Point Drive in Columbia, South Carolina has been sold for $3,950,000. The property comprises 40,400 square feet and was sold at an average price of $98 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,950,000
- Square Footage: 40,400
- Price per Square Foot: $98
- Address: 1021 Pinnacle Point Drive, Columbia, SC
- Market: Columbia, SC
The sale of this multi-tenant office building was facilitated by Trinity Partners' Macon Lovelace and Bruce Greenberg. They represented the seller in this transaction.
Players
Columbia Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93