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Renovated Office-Sale Leaseback+Multitenant Space

Listing was updated on: 05/26/2020
Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space Renovated Office-Sale Leaseback+Multitenant Space

Property Overview

Price/Rent PSF $ 6,999,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 31,010
Date Available 05/26/2020
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Description

Location
The offered property is located in the Northwest valley near the 95 and 215. The office is near Centennial Crossroads Plaza, which includes Target and Vons.

One of the highlights of this office is the lack of competitive office space. Because of the relative scarcity of office space in the submarket, the building is fully leased and we continue to receive calls inquiring about space. Smaller suites are rare in the area and we believe that rents can be increased as leases renew.

As more households move to the area, there is also opportunity for business expansion in the Northwest and many local office space users supply services to area residents. We believe that the active masterplans of Providence, Skye Canyon and Sunstone will benefit the asset.

Sale
6628 Sky Pointe Dr is a modern two-story office with an elevator. The building has a high finish entryway and strong tenant improvements. Recent improvements are approximately $1 million and combined with a strengthening market, likely offers investors significant asset value preservation and some upside by increasing rents to market.

Location

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