Investment Overview
Ideal for Owner-User: Future flexibility to occupy space while benefiting from in-place income during the hold period.
Lease Expiration Timeline (2028): All/major leases expiring by end of 2028 provide a clear, near-term opportunity to reset rents to market without long-term encumbrances.
Below-Market Rents In-Place: Existing tenants are paying lease rates significantly under current market levels, creating immediate upside potential for a new owner.
Growing Local Demand Drivers: Norfolk’s regional economic activity supports long-term office demand and rent growth potential.
Investment Highlights
- Ideal for Owner-User: Future flexibility to occupy space while benefiting from in-place income during the hold period.
- Lease Expiration Timeline (2028): All/major leases expiring by end of 2028 provide a clear, near-term opportunity to reset rents to market without long-term encumbrances.
- Below-Market Rents In-Place: Existing tenants are paying lease rates significantly under current market levels, creating immediate upside potential for a new owner.
- Growing Local Demand Drivers: Norfolk’s regional economic activity supports long-term office demand and rent growth potential.