The subject property is a four-story, multi-tenant office building of approximately 25,254 SF situated on an estimated 13,511 SF lot, comprising thirty-eight units, two levels of subterranean parking accommodating 62 marked spaces, and a rooftop cell tower generating supplemental income. The building has received over $1,000,000 in renovations since 2020 and is currently 98% occupied.
This is an ideal opportunity for an owner/user, such as a medical group, professional services firm, flex-space operator, or educational company, to occupy a portion of the building while collecting income from the remaining tenants. An all-cash or low-leverage buyer occupying one floor (≈5,000 SF) can effectively occupy their space at no net cost, as the remaining tenant income exceeds the building’s operating expenses. Additional upside exists through solar installation, NNN lease conversion, sub-metering of electricity, parking monetization, and pushing rents from current levels (≈$1.50/SF) toward market rates of $2.00–$2.50/SF.