Description
This investment opportunity consists of the fee simple interest in this well positioned office/retail portfolio consisting of 54,000 sq ft . It is comprised of one 48,000 sq ft multi-tenant office/warehouse building and one multi-tenant Retail Center totaling 6,000 sq ft. The portfolio is 98% occupied and is leased to a mix of 24 national and local tenants, the majority of which have 3% annual increases. Major tenants include Sony, Hess Inc, D3 Technologies, Primerica, Leading Edge Logistics and Subway. This portfolio has maintained a historically high occupancy rate due to its ample parking, convenient location close to I-295, strong tenant mix and meticulously maintained building and grounds. Priced well below replacement cost at $79 psf, this is an excellent opportunity for an investor to acquire a well maintained, well positioned office and retail portfolio with a proven success record. Cranston is the third largest city in the state of Rhode Island with a population of over 80,000. It has more rural areas on the western side of the city and a shoreline on beautiful Narragansett Bay to the east. We are offering this package in conjunction with Denenberg Realty Advisors.





*** Please visit www.exp1031.com to view the full marketing flyer for this property. ***





*** Please visit www.exp1031.com to view the full marketing flyer for this property. ***