Value-Add Investment Offering

THIS OFFERING is for the opportunity to purchase an underperforming multi-tenant investment property at an affordable price and with a relatively simple path to capturing upside through administrative and/or cosmetic façade and signage value-add methods. That path includes continuing current ownership’s recent trend of signing leases on triple-net terms with an emphasis on THIS OFFERING is for the opportunity to purchase an underperforming multi-tenant investment property at an affordable price and with a relatively simple path to capturing upside through administrative and/or cosmetic façade and signage value-add methods. That path includes continuing current ownership’s recent trend of signing leases on triple-net terms with an emphasis on transitioning to more traditional professional office tenants that are compatible and that provide good co-synergy. While four of the nine existing leases are triple-net and signed at or near fair market rents, the remaining five are semi-gross in nature and are at signed at significantly below market rents. The property is currently fully occupied with a blend of office and retail tenants, however, Cristo Marantha is not renewing their lease that expires September of 2024 and that space is currently on the market at $11/SF, NNN, as compared to the currently scheduled $7.79/SF, NNN, that this offering is based upon, which provides for either an owner/user opportunity to occupy that space or upside by re-tenanting and materially increasing the net operating income.THIS OFFERING is for the opportunity to purchase an underperforming multi-tenant investment property at an affordable price and with a relatively simple path to capturing upside through administrative and/or cosmetic façade and signage value-add methods. That path includes continuing current ownership’s recent trend of signing leases on triple-net terms with an emphasis on transitioning to more traditional professional office tenants that are compatible and that provide good co-synergy. While four of the nine existing leases are triple-net and signed at or near fair market rents, the remaining five are semi-gross in nature and are at signed at significantly below market rents. The property is currently fully occupied with a blend of office and retail tenants, however, Cristo Marantha is not renewing their lease that expires September of 2024 and that space is currently on the market at $11/SF, NNN, as compared to the currently scheduled $7.79/SF, NNN, that this offering is based upon, which provides for either an owner/user opportunity to occupy that space or upside by re-tenanting and materially increasing the net operating income.