This client is a well-established owner of multiple properties. This property was acquired in 2019 shortly after construction was completed and subsequent to the lease up to tenants with a national footprint. This study focuses on only this building.
We began working with this client shortly after he acquired this multi-tenant property during the summer of 2019. The owner provided white box space, and the tenants provided all tenant improvements; thus, the values identified by the study would have been significantly greater had the property owner provided finished retail space.
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Type of Study: