Columbia Celebrates Major Property Sale of 20/21 Business Center

News Summary

Columbia is witnessing a significant boost in its real estate market with the recent sale of the 20/21 Business Center for $13.8 million. The sprawling complex, spanning 98,386 square feet and situated on 17.64 acres, was sold in February 2025. Previously acquired for $10.5 million in May 2022, this property highlights the growing demand for flex spaces in the Southeast. The 20/21 Business Center boasts prime location advantages and impressive leasing rates, indicating a flourishing market that attracts investors and enhances the local economy.

Exciting Update: Columbia Welcomes a Major Property Sale!

Columbia is buzzing with excitement as the news of a significant property transaction has just come to light. The spotlight is on the 20/21 Business Center, a sprawling flex property that was recently sold for an impressive $13.8 million. Isn’t that something to talk about? This three-building complex, which spans a whopping 98,386 square feet, sits on a generous 17.64 acres of land.

The Ins-and-Outs of the Sale

In February 2025, the sale of the property was facilitated by a talented team of agents. They represented the seller, CB Equities, who had acquired the property just a short while ago in May 2022 for $10.5 million. Quite a turnaround, wouldn’t you agree?

This well-located property boasts three separate buildings and even has three parcels of vacant land. What makes it particularly appealing? For starters, it features 17 dock doors and 19 drive-in doors, opening doors (pun intended!) for opportunities to expand the space while providing great visibility from the interstate. Not to mention, it’s currently a hot ticket on the market, with 98% of the property leased out to a variety of tenants. Talk about making a mark!

Prime Location and Growing Demand

The 20/21 Business Center is ideally located along NE Drive and N Main Street, just a stone’s throw away from Interstate 20. Fancy being just 15 minutes from Columbia’s bustling Central Business District? This property has it all! Its strategic positioning enhances its attractiveness, making it a prime spot for businesses seeking both convenience and accessibility.

There’s more good news! The demand for flex properties like this one continues to rise, particularly in the Southeast. Supply is becoming limited for functional flex products, which is music to the ears of investors. With the cost of construction skyrocketing, new developments, especially in smaller markets, are becoming increasingly rare. As a result, existing properties, such as the 20/21 Business Center, have experienced substantial rental rate growth in recent years, elevating their status as lucrative investment opportunities.

What’s Next for Columbia?

Columbia seems to be caught in a whirlwind of changes and opportunities. The recent sale of this property highlights the ongoing demand and influx of capital in the flex asset class, even amidst market constraints. So what does this mean for the future of Columbia? Well, it could very well signify a flourishing market that continues to attract tenants and investors alike, boosting the local economy.

In a nutshell, the sale of the 20/21 Business Center is not just another property transaction; it’s a reflection of the vibrant and dynamic business landscape of Columbia. With the spotlight shining on the attractive features and prime location, it’s no wonder that this property caught the eyes of savvy investors. Who knows what other exciting developments await this fantastic city? Keep your eyes peeled, Columbia – the future is looking bright!

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Additional Resources

• Columbia Business Report: Flex Property Sale
• Inside Self Storage: Flex Space Case Study
• CBRE: Columbia Office Figures Q4 2024
• Wikipedia: Columbia, South Carolina
• Goodwin Law: RECM Conference Recap
• Colliers: Venture X Coworking Space in Columbia
• Yield Pro: Collective at Columbia
• Encyclopedia Britannica: Real Estate
• Columbia Business Report: Historic Downtown Columbia Building
• Google Search: Columbia Real Estate News
• Columbia Business Report: Apartment Communities Sold

Author: HERE Lexington