Leased Property

Property Details

Space Available (sq. ft.): 22,248

Building Size (sq. ft.): 22,248

Lot Size (sq. ft.): 18,948

Stories: 3

Year Built: 1948

Property Highlight:

Situation:
Property owner, a retired doctor and family, needed to lease out empty offices within their multi-tenant office building. Having the entire third floor empty as well as second floor office suites, they were desperately losing rental income. Facing higher building operating costs, they were looking for ways to lease to their building quickly and efficiently.

Represented: Landlord

Benefits
• Leased all of the vacant unoccupied suites
• Achieved sufficient market rental rates with extended lease options
• Qualified and screened for financially strong prospective tenants
• Adjusted rent increases per CPI index and/or market rents, whichever is greater.
• Minimized rent abatement

Property Map