Property description of Office - Arvida Park Of Commerce

The property consists of a 60,050 sf class a, three-story office building with 58,786 sf of leasable space and a two-level parking garage. An owner-user has the opportunity to immediately occupy a fully built-out 15,273 sf office suite, while seven long-term tenants provide strong in-place income to offset ownership costs. The property offers a 5. 2% in-place cap rate with the potential to achieve an approximately 9. 5% pro forma cap rate once 100% occupied. Over $1. 7mil in recent renovations and high-end corporate build-out, this property presents a rare combination of turnkey owner-user occupancy and investment upside with no deferred maintenance.

Property Features