Purchased as a completely off-market deal, this property points directly to the value of relationships. This property was brought to Jonathan from a local broker friend, who Jonathan has completed 20+ deals with. This property is occupied with a high-quality service-based tenant, who has occupied the property for 40+ years. With an expiring lease and below market rents, the value-add opportunity is clear. Centrally located in an “infill” location, this unique property has virtually zero competition around it.
A long-term lease was recently signed with the tenant, allowing the tenant to continue to grow and thrive, while also providing a nice return on investment.