This investment offering is an excellent opportunity to acquire a multi-tenant office building at a 7%+ in-place cap rate that is 76% occupied with convenient sized spaces that appeal to a variety of local tenants. Immediate value-add potential is inherent through additional lease-up activities focused on the vacant space. Additionally, due to the smaller size of the spaces, tenants pay a much higher amount per square foot than the surrounding properties, providing additional upside potential in back-filling month to month tenants with new long term leases at above market per square foot rates. Every tenant also pays a pro rata share of CAM expenses for the property based on existing lease structures.

Riverdale Professional center is located on a major retail corridor across the street from a Krispy Kreme, Popeyes and McDonald