Below-Market Rents: Current gross rents average just over $11.76/SF, offering significant future rent growth.
Occupancy: Multi-tenant retail properties with a three-mile radius are 98% occupied, reflecting strong tenant demand and limited supply.
High-Traffic Location with Excellent Access: Strategically positioned just off Moffett Road (±28,743 VPD), the property benefits from strong visibility, convenient ingress/egress, and proximity to dense residential and retail corridors.
Acquisition Basis Well Below Replacement Cost: Priced at approximately $113/SF materially below estimated replacement cost, providing a favorable entry point.