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PC Construction Headquarters 193 Tilley Dr 29,919 SF 100% Leased Office Building South Burlington, VT 05403 $8,635,270 CAD ($288.62 CAD/SF) 7.74% Cap Rate
Investment Highlights
- Complementary Co-Tenancy
- LEED Certified
- 100% Occupied
Executive Summary
The PC Construction Headquarters building at 193 Tilley Drive in South Burlington, Vermont is a high-quality multi-tenant office building in one of the most desirable commercial corridors within the Burlington metropolitan area. The property contains approximately 28,299 rentable square feet and is currently 100% leased on a NNN basis to a stable mix of professional office tenants.
The tenant roster includes PC Construction Company, a nationally recognized construction firm headquartered in at the subject property, along with Stantec Consulting Services, a global engineering and design company, and Performance Orthopedic Design, a medical orthotic device design firm.
The property offers investors stable in-place income with long-term historic tenancy, a strong regional location, and the opportunity to acquire a well-maintained office asset in Vermont’s largest and most economically vibrant metropolitan market.
The tenant roster includes PC Construction Company, a nationally recognized construction firm headquartered in at the subject property, along with Stantec Consulting Services, a global engineering and design company, and Performance Orthopedic Design, a medical orthotic device design firm.
The property offers investors stable in-place income with long-term historic tenancy, a strong regional location, and the opportunity to acquire a well-maintained office asset in Vermont’s largest and most economically vibrant metropolitan market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
29,919 SF
Building Class
B
Year Built
2009
Price
$8,635,270 CAD
Price Per SF
$288.62 CAD
Cap Rate
7.74%
NOI
$668,285 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,000 SF
Building FAR
0.09
Lot Size
7.86 AC
Parking
142 Spaces (4.75 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | (188) 1718-00193 | Improvements Assessment | $5,298,682 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,298,682 CAD |
Property Taxes
Parcel Number
(188) 1718-00193
Land Assessment
$0 CAD
Improvements Assessment
$5,298,682 CAD
Total Assessment
$5,298,682 CAD
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PC Construction Headquarters | 193 Tilley Dr
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