20 Broadus Avenue
Location
Greenville, SC
Type and Size
Property Summary
20 Broadus Ave. is a 20,000 sf Class B office building in downtown Greenville, SC. Calidus has owned and managed this building from 2014 to 2016. The property is predominantly leased and owned by DOM360, an automotive advertising business. Located only 5 minutes walking distance from downtown Greenville, this property offers an attractive environment for a growing business.
Office
20,000 sf
Investment Narrative
Calidus acquired this property together with the anchor tenant, DOM360. At acquisition, the building was in desperate need of capital improvements amounting to $400,000 to include HVAC replacements, roof repairs and a facelift. Calidus oversaw the construction progress and provided property management services. In 2016 we sold our shares to the anchor tenant who still owns the property.