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Property Description
THIS OFFERING is for the opportunity to purchase a net leased multi-tenant building with a good blend of regional and local retailers and professionals at an attractive cap rate and affordable purchase price based upon below market leases signed at an average of just under $9/SF, NNN, providing for some upside while also providing downsize protection. The purchase price equates to approximately $101.51/SF, which demonstrates a rare opportunity to acquire an investment grade property at an equivalent price/SF the building would be worth if it were sold vacant, meaning the capitalization rate does not manipulate the price above market. The sole vacancy, a former emergency veterinarian clinic, is currently on the market and seller will lease that space back for a period of up to 6 months if it has not been filled by closing.

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