Diamond Investments
Listed by Diamond Investments
$2,750,000
Turnkey Class A Luxury Flex Asset with Mark-to-Market Upside
Details
APN 0662.06-01-001.00
Property Type Mixed Use, Office
Sub Type Executive Office, Shopping Center
Square Footage 28,000
Units 34
Cap Rate 9.00%
NOI $271,763
Occupancy 90%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 14.85%
Pro-Forma NOI $408,263
Price per SqFt $133
Broker Co-Op Yes
Class A
Year Built 2007
Year Renovated 2023
Buildings 1
Stories 2
Acreage 5.320
Zoning Commercial
Parking Spaces 155 spaces
Parking per 1,000 SqFt 5.54
Investment Type Stabilized
Tenant Credit No Credit Rating
Ground Lease No
Ownership 100
Sale Condition For sale by owner
Flex Building | 9.17%+ CAP | 15% Pro Forma CAP
Marketing description
Acquire a premium, luxury flex asset located in the highly desirable Cliffs community. Benefiting from extensive recent capital expenditures and a curated tenant roster, this property offers true passive income with streamlined, tech-enabled management already in place. 9.17 going in cap rate and 15% pro forma cap rate.
Investment Highlights:
- Immediate Value-Add Potential: Clear, executable path to a $4,500,000 pro forma valuation through the mark-to-market of remaining legacy leases.
- Turnkey & Passive Operations: Management requires less than one hour per month from ownership. Day-to-day operations and leasing are seamlessly handled by an on-site professional and newly integrated property management software.
- Premium Location & Amenities: Highly visible highway positioning within The Cliffs community, featuring unique, high-end tenant amenities including a private walking trail and a large-scale water feature.
- Extensive Recent CapEx: The current ownership has completed a comprehensive two-year stabilization and modernization program, heavily mitigating future deferred maintenance.
Recent Capital Improvements Include:
- Comprehensive HVAC system upgrades
- Roof enhancements and maintenance
- Extensive interior unit renovations
- Modernized tenant break room facilities
- Complete parking facility restriping
- Installation of an advanced security camera network
- Implementation of cloud-based property management software
Investment highlights
- Trophy Location & Quality: A rare opportunity to acquire a stabilized, Class A luxury flex asset situated in the highly affluent Cliffs community, benefiting from excellent highway visibility and demographics.
- Quantifiable Value-Add Potential: While the asset generates strong current cash flow, an investor can force significant appreciation—targeting a $4.5M valuation—by executing mark-to-market renewals on the remaining below-market leases.
- Hands-Off, Turnkey Management: Designed for the passive investor. The integration of modern property management systems and dedicated on-site personnel allows for an ultra-efficient operation requiring less than one hour of executive oversight per month.
- Comprehensive Capital Improvements: The current owner has invested the past two years heavily upgrading the facility. With major components addressed—including HVAC, roof enhancements, unit interiors, and security—incoming ownership avoids heavy near-term capital expenditures.
- Unmatched Asset Amenities: Delivering a true luxury experience that drives tenant retention, the property boasts unique, high-end features rarely seen in the flex sector, including a large-scale water feature and private walking trails.
Listing Contacts
Diamond Investments
Listed by Diamond Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$271,763.00
$22,646.92/mo
Valuation Metrics
0
DSCR
9.88%
Cap Rate
9.88%
ROI
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