Salient Realty Group is pleased to present an incredible opportunity to own a prime investment opportunity in the prestigious Clayton office submarket. The property features an attractive tenant mix that is made up of mostly medical professionals. This property presents several opportunities including: owner-occupant, value add investment and/or continuing the lease up to medical professionals.
The property offers flexibility for an owner-user seeking to occupy a portion of the building and have additional income from the current and potential tenants. This could also be purchased by an investor with a lease-up strategy, most of the spaces are turn-key with several updates that were recently completed. Most of the tenants are long-standing tenants, in place rents are considerably below market and can be raised. The building does have some vacancies that can be filled at market rate to help boost returns.
This three-story structure is made up of 61,200 SF, 38 units, a 2 level parking garage, built in 1955 and renovated in 2014.
The location provides easy access to I-170 and I-64.
Reach out to the Brokers for more information.