Anchored by the historic Convivium Gallery, this one-of-a-kind AsiaTown portfolio combines a visually commanding church and event venue with seven residential apartments, a single-family rental home and an additional development parcel. The church is already operating as an established creative destination, hosting curated art exhibitions, sculpture installations, dance recitals, private events and collaborative community gatherings. Unlike a conventional multifamily acquisition, the portfolio offers investors immediate residential cash flow together with a distinctive commercial component capable of producing meaningful ancillary income and creating a true neighborhood destination.

UNTAPPED EVENT-VENUE AND CREATIVE-SPACE UPSIDE

The Convivium Gallery is currently income-producing, but its existing operations appear to represent only a fraction of the property’s potential. Professional management, consistent digital marketing, strategic partnerships and an organized event calendar could potentially increase venue revenue substantially. The space could be repositioned or expanded as a private-event venue, arts and cultural center, performance hall, dance and movement studio, photography and production location, wedding venue, coworking and meeting facility, artist-in-residence program, creative-office hub or nonprofit and educational programming center.

With its dramatic architecture, gallery setting and flexible gathering areas, the property offers the kind of experiential environment that cannot easily be replicated through new construction. A focused operator could generate income through venue rentals, ticketed performances, exhibitions, memberships, workshops, corporate gatherings, studio rentals, sponsorships and recurring partnerships with universities, arts organizations and community groups. The opportunity is not simply to lease square footage—it is to professionally monetize an existing cultural platform.

SIGNIFICANT RESIDENTIAL RENT-GROWTH POTENTIAL

The residential component provides an additional and highly compelling value-add strategy. Based on the anticipated market positioning, one-bedroom units may support rents near $1,200 per month, while two-bedroom residences may achieve approximately $1,450 to $1,600 per month, depending upon condition, finishes and utilities. The single-family home offers additional upside, with projected rent of approximately $1,800 to $1,900 per month.

A coordinated renovation, leasing and management strategy would allow ownership to increase residential revenue while separately expanding the event-center business—creating two complementary avenues for NOI growth rather than relying on a single rent-increase thesis.

INDICATIVE STABILIZED INCOME

Using an illustrative mix of three one-bedroom apartments, four two-bedroom apartments and one single-family residence, the residential component could generate:

After applying approximately 5% residential vacancy and a normalized operating-expense allowance, the portfolio could support an indicative stabilized NOI in the range of approximately:

$95,000–$105,000+ ANNUALLY

This projection excludes debt service, capital expenditures and extraordinary expenses. Event income could exceed this estimate depending upon programming frequency, pricing, staffing, food-and-beverage partnerships and professional venue management. The exact residential total should be revised once the final one-bedroom/two-bedroom unit mix is confirmed.

FULL MARKETING, RENDERING & INVESTMENT DISCLAIMER

DISCLAIMER: THIS MARKETING MATERIAL HAS BEEN PREPARED BY RUSSELL COMMERCIAL ADVISORY (“RCA”), RUSSELL REAL ESTATE SERVICES, AND JUSTIN CAMPBELL SOLELY FOR GENERAL INFORMATIONAL, ILLUSTRATIVE, AND MARKETING PURPOSES.

IMPORTANT IMAGE AND RENDERING DISCLOSURE: MANY OF THE PHOTOGRAPHS PRESENTED IN THESE MATERIALS HAVE BEEN PROFESSIONALLY RETOUCHED, COLOR-CORRECTED, PERSPECTIVE-CORRECTED, CLEANED, ENHANCED, COMPOSITED, DIGITALLY RENDERED, OR PROCESSED USING TRADITIONAL AND/OR ARTIFICIAL-INTELLIGENCE-ASSISTED EDITING TECHNIQUES. ADJUSTMENTS MAY INCLUDE, WITHOUT LIMITATION, CHANGES TO LIGHTING, EXPOSURE, COLOR TEMPERATURE, SHADOWS, SKIES, WEATHER, LANDSCAPING, VEGETATION, STREETS, SIDEWALKS, VEHICLES, UTILITY POLES, UTILITY LINES, FURNISHINGS, ARTWORK, DECORATIVE ELEMENTS, SURFACE CONDITIONS, BUILDING FINISHES, CAMERA ANGLES, PERSPECTIVE, AND SURROUNDING ENVIRONMENTAL FEATURES.

CERTAIN IMAGES, INCLUDING WATERCOLOR PRESENTATIONS, ARTISTIC COMPOSITIONS, NEIGHBORHOOD SCENES, AERIAL EXHIBITS, MONTAGES, CONCEPTUAL DEPICTIONS, AND LIFESTYLE IMAGERY, MAY INCORPORATE ARTISTIC LICENSE, INTERPRETIVE DETAIL, MULTIPLE SOURCE IMAGES, DIGITAL COMPOSITING, OR GENERATED VISUAL ELEMENTS INTENDED TO COMMUNICATE THE GENERAL CHARACTER, ARCHITECTURAL QUALITY, POTENTIAL USE, ATMOSPHERE, OR AESTHETIC FEEL OF THE PROPERTY AND SURROUNDING AREA. SUCH IMAGES ARE NOT INTENDED TO BE, AND SHOULD NOT BE RELIED UPON AS, EXACT PHOTOGRAPHIC, ARCHITECTURAL, ENGINEERING, SURVEY, SITE-PLAN, BOUNDARY, LANDSCAPE, CONSTRUCTION, OR PROPERTY-CONDITION REPRESENTATIONS.

RENDERINGS AND ARTISTIC IMAGES MAY DEPICT CONDITIONS, IMPROVEMENTS, LIGHTING, LANDSCAPING, ACTIVITIES, EVENTS, OCCUPANCY, FURNISHINGS, OR USES THAT DO NOT CURRENTLY EXIST, MAY HAVE BEEN REPOSITIONED OR REINTERPRETED FOR PRESENTATION PURPOSES, AND MAY NEVER EXIST. THE SCALE, LOCATION, CONFIGURATION, APPEARANCE, CONDITION, AND RELATIONSHIP OF BUILDINGS, PARCELS, SITE FEATURES, AND SURROUNDING PROPERTIES MAY VARY FROM ACTUAL CONDITIONS. PARCEL OUTLINES, PROPERTY LABELS, AERIAL MARKINGS, AND MAP GRAPHICS ARE APPROXIMATE AND MUST NOT BE USED AS A SUBSTITUTE FOR A PROFESSIONAL SURVEY, TITLE COMMITMENT, LEGAL DESCRIPTION, ZONING REVIEW, OR INDEPENDENT FIELD VERIFICATION.

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE REGARDING THE ACCURACY, COMPLETENESS, RELIABILITY, CURRENT CONDITION, OR FUTURE PERFORMANCE OF ANY PHOTOGRAPH, RENDERING, ILLUSTRATION, MAP, PROPERTY DESCRIPTION, UNIT COUNT, TENANCY INFORMATION, LEASE INFORMATION, COMPARABLE SALE, RENTAL RATE, PROJECTED INCOME, OPERATING EXPENSE, NET OPERATING INCOME, CAPITALIZATION RATE, VALUATION, RENOVATION CONCEPT, DEVELOPMENT CONCEPT, INVESTMENT RETURN, ZONING CLASSIFICATION, PERMITTED USE, SQUARE FOOTAGE, LOT SIZE, BUILDING DIMENSION, PARCEL BOUNDARY, STRUCTURAL CONDITION, MECHANICAL CONDITION, OR OTHER INFORMATION PRESENTED OR REFERENCED HEREIN.

INFORMATION HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE, INCLUDING PROPERTY OWNERS, PROPERTY REPRESENTATIVES, PUBLIC RECORDS, COUNTY RECORDS, MLS DATA, MAPPING SERVICES, TENANT INFORMATION, FINANCIAL STATEMENTS, AND OTHER THIRD-PARTY SOURCES; HOWEVER, SUCH INFORMATION HAS NOT NECESSARILY BEEN INDEPENDENTLY VERIFIED. ALL INFORMATION IS SUBJECT TO ERRORS, OMISSIONS, INCONSISTENCIES, PRIOR SALE, LEASE, OR FINANCING, CHANGES IN PRICE OR TERMS, CORRECTIONS, WITHDRAWAL FROM THE MARKET WITHOUT NOTICE, AND ANY SPECIAL CONDITIONS IMPOSED BY THE PROPERTY OWNER.

ANY INVESTMENT ANALYSIS, CAP-RATE CALCULATION, NET-OPERATING-INCOME CALCULATION, RENTAL PROJECTION, EVENT-REVENUE ESTIMATE, EXPENSE ESTIMATE, RENOVATION SCENARIO, DEVELOPMENT CONCEPT, VALUE-ADD STRATEGY, OR POTENTIAL RESALE VALUE IS ILLUSTRATIVE ONLY. SUCH INFORMATION DOES NOT CONSTITUTE AN APPRAISAL, BROKER PRICE OPINION UNLESS EXPRESSLY IDENTIFIED AS SUCH, GUARANTEE OF VALUE, OFFER OF SECURITIES, FINANCIAL ADVICE, ACCOUNTING ADVICE, TAX ADVICE, LEGAL ADVICE, CONSTRUCTION ESTIMATE, ARCHITECTURAL OPINION, ENGINEERING OPINION, OR ASSURANCE OF FUTURE INCOME, OCCUPANCY, APPROVALS, DEVELOPMENT RIGHTS, OR INVESTMENT PERFORMANCE.

RCA, RUSSELL REAL ESTATE SERVICES, JUSTIN CAMPBELL, AND THEIR RESPECTIVE BROKERS, AGENTS, EMPLOYEES, CONTRACTORS, DESIGNERS, AND REPRESENTATIVES HAVE NOT CONDUCTED ENGINEERING, ENVIRONMENTAL, STRUCTURAL, MECHANICAL, ROOFING, FOUNDATION, ZONING, LAND-USE, CODE-COMPLIANCE, ACCESSIBILITY, FIRE-SAFETY, HISTORIC-PRESERVATION, TITLE, SURVEY, FLOODPLAIN, INSURANCE, OR PROPERTY-CONDITION INVESTIGATIONS UNLESS EXPRESSLY STATED IN A SEPARATE WRITTEN REPORT.

PROSPECTIVE PURCHASERS, INVESTORS, TENANTS, LENDERS, AND THEIR REPRESENTATIVES MUST INDEPENDENTLY VERIFY ALL INFORMATION AND CONDUCT THEIR OWN INSPECTIONS, MEASUREMENTS, FINANCIAL ANALYSIS, LEASE REVIEW, TITLE REVIEW, SURVEY, ZONING AND USE REVIEW, ENVIRONMENTAL REVIEW, PROPERTY-CONDITION ASSESSMENT, AND OTHER DUE DILIGENCE. EACH PARTY SHOULD CONSULT WITH APPROPRIATE LEGAL, TAX, ACCOUNTING, LENDING, APPRAISAL, ARCHITECTURAL, ENGINEERING, ENVIRONMENTAL, ZONING, INSURANCE, CONSTRUCTION, HISTORIC-PRESERVATION, AND OTHER PROFESSIONAL ADVISORS BEFORE MAKING ANY DECISION.

THE PROPERTY IS OFFERED SUBJECT TO ITS ACTUAL “AS-IS, WHERE-IS” CONDITION, EXISTING TENANCIES AND CONTRACTS, APPLICABLE GOVERNMENTAL REQUIREMENTS, TITLE MATTERS, THE OWNER’S FINAL APPROVAL, AND THE TERMS OF ANY FULLY EXECUTED PURCHASE OR LEASE AGREEMENT. ALL DIMENSIONS, RENTS, EXPENSES, VALUES, PROJECTIONS, RENOVATION PLANS, DEVELOPMENT CONCEPTS, AND INVESTMENT OUTCOMES ARE APPROXIMATE, SUBJECT TO VERIFICATION, AND NOT GUARANTEED.