Property Detail

Description

ACTUAL NOI $295,095 PROFORMA NOI $277,067 PROFORMA CAP RATE 7.10% STABLE CASH FLOW Ideal Suites Sizes and Tenant Mix UPSIDE OPPORTUNITY “Mark to Market” Leasing Strategy Base Year Expense Recapture Enforcement ACCESSIBILITY Immediate Access to I-8 Via Texas Street Minutes to I-805, I-5, & I-15 LOCATION Excellent Central Location in the Heart of Mission Valley’s Abundant Amenities FREEWAY VISIBILITY I-8: 235,000 Vehicles Per Day Building Top Signage INTERNET/COMMUNICATIONS Fiber Connectivity: AT&T and Cox The subject offering represents a value-add opportunity for an investor to acquire a 100% leased multi-tenant office property with stable cash flow. The property is centrally located in the heart of Mission Valley’s abundant amenities and easily accessible from I-805, I-5, and I-15. The two-story building features ideal suite sizes and tenant mix, with a strong and steady rent roll. The fully leased property is a unique investment to capitalize on Mission Valley’s development Cooling: Central Forced Air Elec