Location – Located in downtown Columbia, SC, Land Bank Lofts consists of 113 units on 2.2 acres with 145 surface parking spots in the heart of South Carolina’s capital city. Built in 1923 with an addition in 1935, the asset originally known as the Federal Land Bank Building was completely renovated utilizing historic tax credits in 2016. Built of reinforced concrete block with limestone details and marble columns, Land Bank Lofts is primed for value add enhancements that will allow for immediate rent growth and strengthen its position as one the premier downtown residences in Columbia.
Value – Land Bank Lofts has a desirable unit mix of studios, one bedroom, and two bedroom floor plans. Each unit features open floor plans with high ceilings, stainless steel appliances, quartz countertops, and a stackable washer and dryer in every unit. Common area amenities include a pool, business center, 24 hour secure entry, and on-site surface parking for every unit which is rare amongst the competitive set.