1326 Bush River Road. Image courtesy of Colliers
Executive Personal Computers has acquired a 203,819-square-foot, former Walmart building in Columbia, S.C., which will be repurposed for warehousing and product distribution use. Bunrootis LLC sold the asset with the assistance of Colliers.
Lexington County records show the asset changed hands for $6.1 million. The transaction was a double escrow, as Bunrootis acquired the property from Walmart Realty on the same day, for $5.4 million.
Completed in 2006, the former Walmart store is located on 25.4 acres at 1326 Bush River Road, in the Dutch Square neighborhood. The future warehouse is 6 miles from downtown Columbia, near the intersection of interstates 20 and 26.
The Colliers team included Managing Director Chuck Salley, Vice Presidents Dave Mathews and Thomas Beard, alongside Senior Associate John Peebles.
Salley stated in prepared remarks that the adaptive reuse of former retail stores is a trend influenced by consumer habits, in areas where customers tend to choose e-commerce instead of on-location shopping. According to a CommercialEdge industrial report, conversions of old office and retail spaces into industrial facilities are still rare, but there is a possibility for adaptative reuse to increase, particularly in coastal markets.
