This property is a suburban office building well-appointed and well located with 42,098 rentable square feet in Casselberry, Florida. This is a well-maintained asset, with three floors, two elevators and suites ranging in size from 620 up to 2,383 square feet. We were able to acquire the property at $93.00 pre square foot, substantially below the market average of $125.00 and well below replacement cost of $200.00 per square feet. In the re-positioning plan, we will be upgrading functionally deficient spaces and improving the look and feel of the common area, restroom and also upgrading the building exterior and landscaping. With the asking rental rates substantially below the market, we will be increasing rates with the completion of the cosmetic upgrades.
- SQUARE FEET: 42,098