The Palomar Group Completes Sale of Arcadia Lakes in Columbia, SC

The Palomar Group is pleased to announce the sale of Arcadia Lakes, a 36,884-square-foot value-add retail center located at 6432 Two Notch Road in Columbia, South Carolina.

Built in 1986, Arcadia Lakes was 75% occupied at the time of sale, with below-market rents presenting significant upside potential for the buyer. The property was acquired by a private investor specializing in value-add assets from a private seller. The asset traded for $3,150,000.

“The Palomar Group is pleased to announce the sale of Arcadia Lakes, a 36,884 SF value-add retail center located in Columbia, South Carolina. Built in 1986, the property was 75% occupied at the time of sale with below-market rents, offering strong upside potential for the buyer. The sale further strengthens The Palomar Group’s presence in the street retail market throughout the Carolinas,” said Brent Hadden of The Palomar Group.

The transaction reflects continued investor demand for well-located, value-add retail opportunities in the Carolinas, where The Palomar Group has maintained an active presence across numerous
markets.

For additional information, visit www.thepalomargroup.com or contact info@thepalomargroup.com