2200 S Main St, Blacksburg, VA 24060

Stabilized Cash Flow with Durable Tenancy
• 5.67-year weighted average lease term (WALT) providing near- to mid-term income security
• Credit-backed tenancy including TRC Companies (just acquired by WSP Global) and University Physical Therapy (backed by U.S. Physical Therapy, Inc.)

Attractive In-Place and Pro-Forma Yield
• Pro-forma NOI of $406,313
• Embedded upside through lease-up of 2,519 SF of vacancy at projected market rents of $24.50/SF
• Additional ancillary income opportunity from planned RV storage leases

Recent Capital Improvements
• Comprehensive 2021 renovation including new façade, upgraded HVAC systems, and enhanced landscaping
• Limited near-term capital expenditure exposure for new ownership

High-Barrier Blacksburg Location
• Strategically positioned along South Main Street with direct access to US-460 and I-81
• Immediate proximity to Virginia Tech and the Virginia Tech Corporate Research Center

Supply-Constrained Office Market
• Located in a low-vacancy office market with limited available inventory
• Demand supported by university-driven research, technology, and professional services users

Value-Add with Downside Protection
• Majority leased to established tenants
• Clear path to income growth through vacancy lease-up and ancillary revenue