Description
An exceptional investment opportunity offering 124,878 square feet of versatile office space on a 26.74-acre campus, built in 1985 and currently 88% occupied. The property features a dynamic mix of co-working, creative studios, executive suites, medical office and R&D/life science configurations, providing tenants with flexible workspace solutions and investors with diversified income streams. Situated on a generous land parcel, the asset presents ample room for future expansion and amenity enhancements to drive additional value.
Financially, the offering delivers a 6.0% going-in cap rate on an asking price of $15,000,000, with in-place rents averaging $10.42 per square foot—approximately 39.9% below current market rates. This significant rental upside positions the property for value-add returns through strategic lease-up and targeted capital improvements. With occupancy already strong and leasing momentum in place, investors can capitalize on near-term cash flow while unlocking long-term growth.
This sale represents a rare chance to acquire a highly functional office campus with strong submarket demand and a clear path to upscale rental revenues. The blend of specialty uses and development potential makes this asset an ideal platform for institutional buyers or private equity firms seeking to deploy capital into well-located, infill office product with proven income stability and future appreciation drivers.
