Sundance Park
100% Leased | Multi-Tenant Office | +/-29,303 SF
Marketing description
Cushman & Wakefield US, Inc., is pleased to introduce for acquisition, Sundance Park, an office building located at 5888 West Sunset Road (“The Property”). The two-story suburban Class A office building is situated in the booming Southwest Submarket near Interstate 215 and South Jones Boulevard. The Property consists of ±2.08 acres and ±29,303 rentable square feet. The Property is a perfect investment (100% leased, fixed annual increases, below market rents) for investors seeking stable (long-term, credit tenants, e.g. Walgreens, ICW Insurance) cash flow in a high demand area.
Investment highlights
LONG-TERM TENANCY
Two tenants, which make up 42% of the total square feet occupied, have been in place for twelve years or longer. In a
market where tenant leases are typically three to five years, the weighted average lease term (WALT) is an attractive
investment metric for buyer’s consideration. Additionally, Walgreens recently reevaluated its footprint during its most
recent lease renewal and right-sized its footprint for future occupancy. Therefore, the space occupied is sized for their
operational needs as a regional administrative office.
MINIMAL FUTURE TENANT IMPROVEMENTS
Two tenants, which make up 42% of the total square feet occupied, have been in place for twelve years or longer. In a
market where tenant leases are typically three to five years, the weighted average lease term (WALT) is an attractive
investment metric for buyer’s consideration. Additionally, Walgreens recently reevaluated its footprint during its most
recent lease renewal and right-sized its footprint for future occupancy. Therefore, the space occupied is sized for their
operational needs as a regional administrative office.
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