Webster University | 100 Gateway Corporate Blvd
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Webster University 100 Gateway Corporate Blvd
28,500 SF 100% Leased Office Building Columbia, SC 29203 $4,200,000 ($147/SF) 7.30% Cap Rate
Investment Highlights
- Prime location in the thriving Northeast corridor of Columbia
- Vibrant local market with ±46,982 households within a 5-mile radius
- Only ±0.2 from Interstate 77, offering easy access to major roadways
- Proximate to MUSC Medical Northeast - a nationally recognized healthcare facility
Executive Summary
100 Gateway Corporate Boulevard is located in the thriving Northeast corridor of Columbia, SC. The building is conveniently situated just off Interstate 77 and Farrow Road. This two-story building is approximately 28,500 square feet and sits on a large 3.1-acre lot with ample parking space. The building was constructed in 1992 and underwent renovations in 2000. Currently, it is leased by Webster University with a remaining lease term of two years. This building is an excellent medical office/office opportunity situated near MUSC Medical Northeast and various general physician offices. Additionally, the property’s close proximity to many retailers, restaurants and businesses further enhances its appeal as a prime location.
With easy access to Interstate 77 and other major highways, Northeast Columbia has experienced consistent economic growth over the years. Scout Motors’ new manufacturing plant, which will create 4,000 new jobs, is located just a few miles north.
With easy access to Interstate 77 and other major highways, Northeast Columbia has experienced consistent economic growth over the years. Scout Motors’ new manufacturing plant, which will create 4,000 new jobs, is located just a few miles north.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
28,500 SF
Building Class
B
Year Built/Renovated
1992/2000
Price
$4,200,000
Price Per SF
$147
Cap Rate
7.30%
NOI
$306,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,250 SF
Building FAR
0.21
Lot Size
3.10 AC
Zoning
M-1 - Mixed-Use
Parking
152 Spaces (5.33 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 17200-03-15 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,200,000 |
PROPERTY TAXES
Parcel Number
17200-03-15
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,200,000
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Webster University | 100 Gateway Corporate Blvd
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