| With 10 out of 13 tenants’ leases expiring at the end of this year, the new owner has a rare opportunity to reimagine the tenant mix |
| This flexibility allows for significant rent adjustments to bring all leases up to current market levels, optimizing the potential of the property |
| 70% of tenants are currently paying below-market rents, providing an immediate and lucrative opportunity to increase rental income. |
| By aligning rents with the current market, the property can achieve higher revenue with minimal additional investment. |
| The property offers an impressive stabilized cap rate of 9.36% in year 3, which is over 500 basis points higher than the initial going-in cap rate. |
| This substantial increase highlights the strong potential for value appreciation and income growth over the short term. |
Spencer Tyoran
Matthews Real Estate Investment Services
