Trinity Partners is pleased to announce the recent $4,725,000 sale of 130 Pinnacle Point in Northeast Columbia. Trinity Partners’ team Macon Lovelace, Dail Longaker and Robbie Cook represented the seller, Boss’s Pinnacle Point Drive, LLC, based in Columbia, South Carolina.
The 111,509 square foot industrial flex building was 93% leased to two tenants on long term leases. Macon Lovelace, Partner at Trinity Partners, spearheaded the acquisition process. Brabham Oil Company has purchased the building and will retain Trinity Partners to lease and manage the property.
“This investment sale is a tremendous success story for Trinity’s full-service commercial real estate platform,” said Cook. “Our ability to negotiate simultaneous lease extensions with in-place tenants changed the game, making the asset a highly-attractive investment opportunity. The renewed long-term leases, the asset type and quality, good in-place returns, and the potential of added value through future leasing prospects made this deal a no-brainer for Brabham Oil.”
For more information about Trinity Partners, visit trinity-partners.com and follow us on Instagram: @trinitypartnerscola.
ABOUT TRINITY PARTNERS
Trinity Partners is a full-service commercial real estate firm serving corporate users and institutional owners throughout the United States, with ten service lines ranging from landlord and tenant representation to property management and investment sales. They are known for their entrepreneurial spirit, best-in-class performance, and respected team of commercial real estate professionals, who are directly responsible for the company’s success and collaborative culture. The firm currently leases and/or manages over 20 million square feet of office, industrial, mixed-use, and retail space across the region through their four offices in Charlotte and Raleigh, North Carolina, and Columbia and Greenville, South Carolina.
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