LBX Investments

Harbison Center

HARBISON CENTER

Status: Active (Acquired on 9/24/18)

 
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HARBISON CENTER

Harbison Center is a Class B, 187,974 square foot community shopping center located in Columbia, SC

Key Attributes:
  • One of the best-positioned centers in the top retail node in the Columbia submarket
  • Located directly across the street from an institutionally owned mall
  • On a hard corner with average daily traffic counts exceeding 40,000 VPD
  • Multiple strategic opportunities to improve the center over time


  • Status:
  • Targeted Holding Period: 6 Years
  • Total Required Equity: $8,447,625
  • Annual Avg. Cash-on-Cash Returns to LPs: 11.0%
  • Projected IRR to LPs: 17.9%
  • Target Equity Multiple: 2.12x
  • Status: Active
  •