Value-Add 36,496 SF Office Building
Office | 7.45% CAP | 36,496 SqFt
Marketing description
The offering consists of a ±36,000 square-foot office building in the heart of the Tri-County market. The property is positioned just off I-275 along a high-visibility commercial corridor and sits directly across from the brand-new Wawa development, a major regional traffic generator. This location benefits from strong daily activity, excellent accessibility, and long-term momentum driven by surrounding retail, medical, and service expansion.
The building is occupied by a mix of professional office tenants paying below-market rents, creating a clear value-add opportunity through targeted lease-up, rent growth, and cosmetic or operational enhancements. Its anchor tenant, Velocity Clinical Research, occupies nearly an entire floor and has been in place for more than 20 years, providing exceptional stability and reliable cash flow at approximately $27 per square foot.
With durable demand, long-standing tenancy, and meaningful upside through repositioning and rent optimization, this asset offers investors the chance to acquire a well-located office building that delivers both stable in-place income and substantial long-term value creation potential.
Investment highlights
- Positioned just off I-275 in the heart of the highly trafficked Tri-County retail hub
- Benefits from dense daytime population strong household incomes, and proximity to major national retailers
- Flexible layout suitable for a wide range of uses
- Large surface parking field and multiple ingress/egress points to support high customer convenience
- Ideal for investors seeking repositioning, lease-up upside, or redevelopment potential in proven commercial submarket
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