Executive Office Building, Southwest Region

Property Description

•  Executive Office Building - Investment-quality, 5-story, 75,775 RSF,‘Class B+’ executive office building with new building infrastructure (HVAC, elevators, lighting) in one of the most dynamic areas in the City

• Pride of ownership, maintained and upgraded to institutional standards

• High visibility and accessibility on one of the state’s busiest highways

• Major capital improvements in 2007 including new building infrastructure: HVAC system, elevators, energy efficient lighting retrofit, updated main lobby

• 93% occupancy—long-term leases

• Anchor tenant occupies 72% until 12/2012

• This Executive Office Building is offered free and clear of debt

• 8.39% cash-on-cash, 12.43% total return (based on 70% LTV financing)

• Sales Price $10,900,000 — 8.02% cap



Executive Office Building located on the east side one of the major thoroughfares in the city. This executive office building location benefits from excellent access to high-end residential areas and most prestigious neighborhoods in the area as well as the growing employment centers in the city and its suburbs.

The five-mile area surrounding the executive office building property is one of the most densely populated areas in the entire State. The immediately vicinity is anchored by a Hospital, a Medical City, a Country Club, a popular entertainment district and a Mall.

Investment-quality, 5-story, Class B+ office building with new building infrastructure (HVAC, elevators, lighting) in one of the most dynamic areas in the city.

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