Ogden Office for Sale - Davis/Weber Counties

Cushman & Wakefield, as the exclusive advisor, is pleased to present the opportunity to acquire 875 Country Hills Drive (the “Property”), a 20,540-sf medical office building located in South Ogden, Utah. This is a prime opportunity for both owner-users and investors to secure a top-tier, fully built-out medical office that is equipped with surgery rooms. In addition, the Property is in a highly desirable location, right next to McKay-Dee Hospital. Built in 1998 on a 2.45-acre site, the Property features a substantial 4.67/1,000 sf parking ratio and is conveniently located on Country Hills Drive (40th Street) in South Ogden. This area is a major retail and medical-office corridor with an average daily traffic count of 20,255 vehicles. Less than a quarter mile southeast of the Property is the McKay-Dee Hospital, Intermountain Health’s 3rd-largest hospital, with 1,000 employees and 310 licensed beds. The hospital spans 730,000 sf. Additionally, a Smith’s anchored retail center nearby draws significant foot traffic to the area. The Property benefits from strong area demographics. Within a 5-mile radius, there are 59,221 households with a median household income of $78,080, indicating a robust local economy. This high household count, coupled with strong median incomes, demonstrates increased demand for medical services in the area. As Utah’s population continues to age, this location will only become more valuable. This offering presents a rare opportunity to acquire quality medical space in an up-and-coming submarket.

Property Subtype:

Medical

Date on Market:

2025-04-23

Temecula Flex for Sale - South Riverside

Exceptional opportunity to lease or purchase a highly improved, freestanding R&D/industrial facility strategically located in Temecula’s most established business park. Positioned on an expansive 2.45-acre parcel, the property features 118 striped parking stalls with the potential to configure a private, fully secured yard. The existing fully entitled climate-controlled office and R&D build-out provides plug and-play infrastructure. Interior improvements include a mix of open-plan bullpens, executive offices, conference rooms, and lab-capable areas, all supported by robust HVAC distribution. The environment is adaptable for precision manufacturing processes, biotech cleanrooms (ISO class-convertible), and other mission-critical operations. This property is a one-of-a-kind asset that will serve an organization long into the future, offering critical, in place infrastructure and adaptive interior configurations that can scale with evolving operational demands.

Property Subtype:

Flex Research & Development

Date on Market:

2025-04-22

Muskogee Industrial for Sale - Muskogee County

Value-Add Mega Industrial Facility Close To Tulsa Large investor-friendly Industrial Complex for sale, in Muskogee near Tulsa. 611 Azalea Dr, Muskogee, OK 74401 Commercial | 25,000 SF | 5 Ac https://www.loopnet.com/Listing/35507472 Near Downtown Muskogee in a quiet industrial park, this mega-warehouse sits ready for renovations & its next business venture. Spanning 5 acres & incorporating incredible I-1 Light Industrial Zoning allowances, this complex is perfect for a trucking company, industrial warehouse investor, construction supply store, lumber yard, food-service firm, transportation or storage business, manufacturing or research/lab facility, or any similar industrial-related use. With closer to 25,000 SF per owner measurements, this facility could easily be converted into multi-bay investment units or opened up for a single-unit owner-user operation. This facility certainly is a project for a savvy investor & needs electrical repairs, HVAC replacements, likely small plumbing fixes, general clean-up, siding maintenance, exterior cosmetic work, & interior remodeling. The future After-Repair Value (ARV) would potentially double or even triple the investments made (or more). As Theodore Roosevelt said, "nothing in the world is worth having or worth doing unless it means effort, pain, difficulty." The efforts invested into this potential million-dollar+ facility may be well worth the time & capital expended. Please contact the Listing Agent for more information regarding the ARV & for comparable newer & renovated listings to review for a better understanding of the possible future value of this facility, once fully repaired & operational. Please also contact us to arrange a tour, obtain any documents, or to inquire after any questions or concerns you may have regarding this or our other listings & buyer or tenant services. #dakotaflemingluxury #dakotaflemingrealestate #realtor #commercial #marijuana #grow #weed #industrial #farm #cultivation #Tulsa #muskogee #industrialspecialist #commercialspecialist #DFLCommercial - Dakota Fleming | Luxury DFL | Commercial Group NAR | LHC | MILHM | C2EX Commercial | Residential | Land Property Management | M&A ??- (918) 525-7248 ?? - dfleming@century21wright.com Century 21 Wright Real Estate

Property Subtype:

Warehouse

Date on Market:

2025-04-16

Roseville Office for Sale - Suburban St Paul

The Kase Group is pleased to present a rare opportunity to acquire a mission-critical, state-of-the-art facility located in Roseville, Minnesota. The property is secured by a 12+ year Absolute NNN Bond Lease, offering zero landlord responsibilities and long-term peace of mind. The lease is corporately guaranteed by Cellectis S.A., a publicly traded French pharmaceutical firm (NASDAQ: CLLS), and includes 7.5% rental escalations every five years along with four (4) additional five-year renewal options. Delivered in 2018, the asset is a premier Class-A construction situated on an expansive 11-acre corporate campus. It features cutting-edge lab and research facilities, a test kitchen, greenhouse, and outdoor demonstration plots, making it essential to the operations of the current tenant, Cibus, a leader in precision gene editing for agriculture. The location offers excellent accessibility, just five minutes from Downtown Minneapolis and eight minutes from Downtown St. Paul, with immediate access to I-35W, which sees over 139,000 vehicles per day. The property sits within a 280-acre master-planned redevelopment that blends high-density residential, Class-A office and industrial space, retail, and hospitality. It benefits from strong surrounding demographics, including 284,204 residents in the primary trade area and 285,584 residents within five miles, along with a daytime workforce of 238,011 employees in the same radius. Average household income exceeds $99,000 within one mile. Nearby is Rosedale Center, a major regional shopping destination with more than 14 million annual visitors, recently enhanced by a $100 million renovation. The area also offers vibrant lifestyle amenities, including restaurants, hotels, entertainment venues, and outdoor recreation at Langton Park.

Date on Market:

2025-04-16

Aurora Flex for Sale

2,000 SF office/warehouse condos for sale/lease For sale at just $400,000 Lease for just $3,000/mth MG* Zoned I-1 industrial in the city of Aurora (Arapahoe County) Heavy power available Has a 10'x10' drive in door with 13'-14' clear height Association Dues are just $471.58 per month Property Taxes are approximately $8,556 per year Great for marijuana related uses, automotive repair or general office/warehouse uses.

Property Subtype:

Light Distribution

Date on Market:

2025-04-16

Arvada Office for Sale - Northwest Denver

Owner-User or Value-Add Investment Property - Freestanding Building Featuring Modern Office, Flex/Lab Areas, Warehouse with Dock-High Loading, Showers, & Outdoor Storage Building - Single or Multi-Tenant Floorplan with Options for Owner Occupancy or Lease Repositioning - 2nd Floor Office Space (~10k SF) was Fully Remodeled for Regus Co-Working and Owner Can Occupy, Maintain Profit-Sharing Agreement, or Terminate and Re-Tenant - 1st Floor Flex Space (~4k SF) Has Private Restrooms & Kitchen Currently Available for Owner Occupancy or For Lease - Ample Parking at a 3:1,000 Ratio with 10 Covered Spaces - Outdoor Amenities & Hiking/Biking Trails Just Steps Away in Broad Lake Park - Many Amenities in Close Proximity including Sprouts, King Soopers, Kohl’s, McDonald’s, & Buffalo Wild Wings in Walking Distance

Date on Market:

2025-05-09

Columbus Industrial for Sale

TRP Laboratories | Long Term Absolute Net Lease w/ 3.50% Annual Increases | Leader in Transportation Sciences | Within a Key Industrial and Manufacturing Hub | In Close Proximity to Major Freeways and Highways | Near Cummins Columbus Engine Plant Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com

Property Subtype:

Manufacturing

Date on Market:

2025-04-09

Aurora Industrial for Sale

TRP Laboratories | Long Term Absolute Net Lease w/ 3.50% Annual Increases | Leader in Transportation Sciences | Within a Key Industrial and Manufacturing Hub | In Close Proximity to Major Freeways and Highways | Densely Populated and Affluent Area | Minutes from Denver International Airport, UCHealth University of Colorado Hospital and Buckley Space Force Base Colorado Broker of Record: Adam Lewis | 1144 15th St., Suite 2150 Denver, CO 80202 | P: (303) 328-2000 | Lic #: ER.100091205 | Firm Lic #: EC. 100048709 | Adam.Lewis@MarcusMillichap.com

Property Subtype:

Warehouse

Date on Market:

2025-04-09

Roswell Office for Sale - N Fulton/Forsyth County

Fully Renovated Office Building in Prime Roswell Location 585 Colonial Park Drive, Roswell, GA Discover an exceptional opportunity to own a like-new office building in one of Roswell’s most sought-after locations. This four-sided brick professional building has been completely renovated from the ground up—featuring brand new electrical, plumbing, HVAC, walls, windows, and roof. Move-in ready with modern finishes and infrastructure. Owner financing available. Outstanding Location: - Less than 1 mile from Holcomb Bridge Road (GA-140) and Highway 9 (Atlanta Street) - Minutes from Downtown Roswell, Roswell City Hall, and all the shops, restaurants, and parks that make the area a top destination - Easy access to GA-400, ideal for commuting professionals and visiting clients Ideal for Professional Use: - Perfect for law offices, accounting firms, medical practices, tech startups, or boutique agencies - Situated in a quiet, established office park, providing a professional and serene work environment - Surrounded by local amenities, cafes, and services your team and clients will appreciate Key Features: - All new systems—no deferred maintenance - Excellent visibility and accessibility - Close proximity to thriving commercial corridors and Roswell’s vibrant historic district Whether you're a business owner looking to own your office space, or an investor seeking a turn-key asset in a growing North Atlanta market, this property offers long-term value in a high-demand location.

Property Subtype:

Loft/Creative Space

Date on Market:

2024-12-02

Irvine Flex for Sale - Irvine Spectrum

Excellent R&D Building. Perfect for Pharma, Biotech, Life Science, Manufacturing, Tech.

Property Subtype:

Light Manufacturing

Date on Market:

2025-04-04

Bend Industrial for Sale - Deschutes County

PRICE REDUCTION! NOW $4,295,000 This versatile industrial facility in Bend offers an excellent opportunity for an owner-user seeking a functional, well-located building with long-term flexibility. The 22,567 SF building on 1.63 acres is situated in the ME Zone, supporting a wide range of employment, industrial, and service uses. Located at the north end of Bend, the property provides convenient access to major highways, a secure fenced yard, and an efficient warehouse and office layout. The building becomes available on April 1, 2026, creating strong potential for companies planning ahead for relocation or expansion. With high-clearance warehouse space, a 6,500 SF mezzanine, multiple private offices, and conference areas, the property is well suited for light manufacturing, production, wholesale distribution, warehouse operations, industrial services, and contractor or field-service users needing yard storage. ME zoning permits uses such as manufacturing and production, warehouse and distribution, wholesale sales, industrial service, commercial storage, and production-office users including IT, biotech, and hardware development, offering exceptional versatility for a variety of business types. With its strategic location, functional improvements, and rare availability in Bend’s constrained industrial market, this property presents a valuable opportunity for an owner-user seeking long-term control of a high-quality industrial facility. 63255 Jamison St offers strong operational utility and future growth potential.and owner-user potential.

Property Subtype:

Warehouse

Date on Market:

2025-03-26

Worcester Industrial for Sale - Worcester Metro

Kelleher & Sadowsky, as the exclusive listing agent, is pleased to present for sale the property located at 60 Fremont Street, Worcester, Massachusetts ("the Property"). This industrial building is approximately 110,446 square feet across three stories and is ±65% leased to a number of tenants. The property sits on ±5.3 acres of Industrially zoned land (MG-2.0) This investment opportunity has approximately $311,000 in Net Operating Income (NOI) and has potential for a sale leaseback with the seller. DCAMM (Massachusetts Trial Court) currently leases ±51,000 Sf and has 6+ years left to term on their lease. The building has approximately 37,000 SF of vacant industrial/office space for potential future income. The property also lends itself to possible future residential conversion with zoning relief or a variance and potential for historic tax credits. Ideally situated in central Massachusetts, the Property offers exceptional distribution access throughout New England. It is conveniently located just minutes from all major highways, including Interstate 495, Interstate 90 (Mass Pike), Interstate 290, Route 20, and minutes from downtown Worcester.

Property Subtype:

Warehouse

Date on Market:

2025-03-25

Pearland Office for Sale - South

Property Subtype:

Medical

Date on Market:

2025-03-23

Santa Rosa Industrial for Sale

Completely remodeled in 2021, this state-of-the-art industrial facility offers a rare blend of power, flexibility, and security tailored for advanced manufacturing or logistics operations. The building is equipped with a robust 1,200-amp, 480/277V, 3-phase electrical system (buyer to verify)supported by a backup generator, ensuring uninterrupted performance for high-demand users. Inside, the ±19,200 SF layout includes approximately 8,500 SF of warehouse space, 5,300 SF of specialized manufacturing rooms, and 2,500 SF of professional office, all under a fully insulated roof with multi-zone HVAC and occupancy sensor lighting. With a clear height of 24 feet, two roll-up doors, and two loading docks, the property is optimized for efficient material flow and logistics. The site also features a secured ±2.37-acre yard with dual electronic gates and perimeter fencing, ideal for controlled access and outdoor storage. Zoned IL, the property supports a wide range of industrial uses, including temperature-, gas-, or pressure-sensitive operations. View Flyer for More Detail

Property Subtype:

Warehouse

Date on Market:

2025-03-20

Golden Flex for Sale - West Denver

This 50,646 SF facility located in the coveted Coors Technology Center in Golden, CO boasts 6.11 Acres and generous PUD zoning, making this an optimal acquisition for either an owner/user or investment Sale.

Property Subtype:

Flex Research & Development

Date on Market:

2025-04-03

Los Angeles Office for Sale - Olympic Corridor

High-end professional dental/medical office building. Move-in condition. Private gated parking 7 spaces. Loft apartment with separate entrance. Westside location on Pico Blvd. near Century City/Rancho Park/Westwood/Cheviot Hills.

Property Subtype:

Medical

Date on Market:

2025-03-12

Camp Verde Industrial for Sale

Explore a prime investment opportunity in the heart of the Northern Arizona Industrial corridor. Camp Verde, AZ, is well positioned for the next phase of economic development, an hour south of Flagstaff and only an hour and half north of Phoenix. This exceptional property boasts a variety of improvements that could be re-purposed for various commercial or industrial needs. Constructed for agricultural and processing, the property possesses the flexibility and substantial infrastructure to host users of many types, from cultivation to distribution to vehicular storage to manufacturing. Property was constructed in 2016 and expanded in 2020, providing the buyer with the peace of mind of inheriting a property built of newer craftsmanship that meets the highest industry standards. With a versatile and flex 15 acre footprint, 10 acres of which are fully fenced and secure with massive electrical capability, this property provides the ideal foundation for various industrial or commercial operations. Its strategic location directly off of I-17 and Hwy 260, offers unrivaled access to key transportation routes and prominent business hubs. This move-in ready investment promises a seamless transition for discerning industrial and flex space investors seeking a premium asset in a blossoming economic landscape.

Property Subtype:

Distribution

Date on Market:

2025-03-05

Concord Hospitality for Sale - Concord/Pleasant Hill

The Premier Inn is a 136-unit independent hotel located in Concord, CA, in the heart of the East Bay. Ideally situated just off California State Route 242, the property benefits from high visibility, with over 200,000 vehicles passing daily. It is conveniently close to numerous restaurants, Six Flags Hurricane Harbor, and Concord Medical Center. As the most populous city in Contra Costa County, Concord serves as a strategic hub for exploring the wider Bay Area, offering easy access to San Francisco, Oakland, Napa, and Silicon Valley. Currently owned and operated by long-time corporate owners based outside the area, the hotel presents a significant opportunity for new ownership to enhance revenue through updated sales and operational strategies. The property will be delivered unencumbered by brand, allowing for a variety of flag options. The San Francisco Bay Area is a global center of innovation and economic influence, home to major corporations such as Apple, Google, Meta, and Tesla, as well as thriving biotech and clean energy industries. With a GDP exceeding $1 trillion, the region attracts millions of visitors annually to renowned destinations like the Golden Gate Bridge, Alcatraz, and Napa Valley, further driving economic growth.

Property Subtype:

Hotel

Date on Market:

2025-02-28

Southport Office for Sale - Southport/St James

St. James Square Building 2 encompasses five condos and common areas totaling +/-26,000sf across two floors with elevator access. The current upfit, completed in 2017, was utilized for bio-tech research, development and manufacturing and could easily host a wide variety of uses in its current configuration. Building features include a mix of open space and private offices, a rooftop solar array, 29’x13’ walk-in cooler, reach-in coolers, break room, eyewash stations, well-appointed restroom facilities and motion activated lighting. Located within the town limits of St. James in Brunswick County, the property is conveniently positioned a short drive from the Southport and Oak Island commercial centers and enjoys easy access to HWY 17. Brunswick County, located within the Wilmington MSA, is the fastest growing county in NC—experiencing 12% growth since 2020. There are over 6,000 dwelling units approved within a three-mile radius of the subject property. Property Information: Parcel ID’s: 204NE001, 204NE002, 204NE003, 204NE004 & 204NE005 Building Size: +/- 26,000sf Acreage: +/- 3.93 Common/Shared Municipality: Town of St. James Zoning: SJ-CI *The offering is vacant but is currently subject to a lease that expires July 31, 2027. The sellers are open to conveying the property with the lease or negotiating a termination with the current tenant to convey the property unencumbered.

Property Subtype:

Medical

Date on Market:

2025-02-27

North Huntingdon Office for Sale - Westmoreland County

Positioned along the highly traveled Route 30 corridor in North Huntingdon, this one-story brick medical/professional building offers exceptional visibility and convenience for healthcare providers or professional service firms. With a traffic count exceeding 26,000 vehicles per day and prominent pylon signage, the property ensures maximum exposure to a steady flow of commuters and local residents. The building spans 7,134 square feet and is thoughtfully divided into three functional suites, each designed to accommodate a range of uses from medical practices to therapy and office operations. Suite #1, the largest, features multiple exam rooms, private offices, lab space, and dedicated staff facilities, creating an ideal environment for a full-service medical practice. Suites #2 and #3 provide flexible layouts with reception areas, exam rooms, and private offices, perfect for specialty providers or professionals seeking turnkey space.

Property Subtype:

Medical

Date on Market:

2025-02-27

Henderson Land for Sale - SE Las Vegas/Henderson

Hiltz Commercial Group is pleased to offer this prime ±39,599 SF (±0.909 acres) vacant commercial pad located in the highly sought-after Cadence Master Planned Community in Henderson, NV. Positioned at the gateway to Cadence, this site is ideal for a variety of commercial uses, benefiting from an established and growing residential base with strong demand for services. Zoned Henderson Planned Community (PC), this property offers a streamlined development process with all off-site improvements completed. This premier location is just minutes from Downtown Henderson and major retail centers, including Galleria Mall and The Shops at Lake Mead Crossing. The property offers exceptional access to the US-95 and I-215, providing quick connections to the entire Las Vegas Valley. With high visibility and traffic counts of 21,500 cars per day along Lake Mead Parkway near Warm Springs Road, this site ensures maximum exposure for businesses. The surrounding area is rich with amenities, including schools, parks, restaurants, and retail, with Henderson Hospital and St. Rose Dominican Hospital nearby. Additionally, it is only 20 minutes to Harry Reid International Airport, 22 minutes to the Las Vegas Strip, and a short drive to Lake Las Vegas and Lake Mead National Recreation Area. The Cadence community continues to expand with over 13,250 planned homes and nearly 7,000 homes already built, providing a strong residential base for businesses. A Smith’s Marketplace has recently opened, providing convenient shopping options for residents. Additionally, EOS Fitness, Grocery Outlet, Dutch Bros Coffee, and Salad and Go are currently under construction, adding to the growing retail and service offerings in the area. This area boasts impressive demographics, making it a prime investment opportunity. The 1-mile radius around the site has experienced a 36.76% population growth from 2020 to 2024, with an additional 11.98% growth projected by 2029. The median household income is $66,809, with 19% of households earning over $150,000 annually. Additionally, 69.97% of households are owner-occupied, indicating a stable and established community. With a total specified consumer spending of $223.8 million annually in a 1-mile radius, businesses in this location benefit from strong economic activity. Furthermore, Lake Mead Parkway sees over 25,000 daily vehicles, ensuring excellent visibility for businesses. The area also supports 120 businesses with over 1,400 employees, including healthcare, professional services, and retail sectors. In addition to the property, the $1,500,000 sale price includes a full set of plans to build a two-story, 14,925 SF Class "A" office building, along with $80,000 worth of brick for the building on-site. The property's zoning within the Cadence Master Plan allows for a variety of commercial uses, with limited retail. Permitted uses include offices (business and professional), medical and dental offices, financial institutions, research and development services, and laboratories. Conditional uses include select retail sales/rental. This offering represents an outstanding opportunity to establish a presence in one of Henderson’s fastest-growing communities. For pricing, terms, and further details, contact Hiltz Commercial Group at 702-991-4391. Don’t miss this chance to secure a premier commercial pad in a thriving master-planned community.

Property Subtype:

Commercial

Date on Market:

2025-02-27

Fleetwood Industrial for Sale - Berks County

Prime Investment Opportunity. This complex includes four buildings totalling over 78,000 sq. ft. of office, warehousing, manufacturing, and lab space on over 9 acres. The entire facility is leased on a NNN basis with seven years remaining on the lease term plus two additional five year options that are excercisable by the tenant.

Property Subtype:

Manufacturing

Date on Market:

2025-02-20

Monmouth Junction Flex for Sale - Brunswick West

Princeton North Corporate Center is a premier building located less than one mile from Route 1, with convenient access to the NJ Turnpike (I-95) via exits 8A and 9, as well as Route 18 and I-287. This prime location offers exceptional connectivity for businesses across Central New Jersey and beyond. The property features 16-foot ceiling heights (floor to grade), abundant natural light, and ample ventilation. Drive-in doors are available throughout, and a loading dock has been approved for construction—enhancing the buildings logistical capabilities. The property is ideal for a wide range of uses including those in Biotech and Laboratory sectors. The building is currently 15% occupied and can be delivered fully vacant, offering flexibility for buyers to achieve their goals.

Property Subtype:

Flex Research & Development

Date on Market:

2025-02-11

Sacramento Portfolio of properties for Sale - Downtown

CBRE is pleased to offer a beautifully maintained ±55,998 net usable square foot laboratory complex long-term leased to the State of California. The sole tenant is the California Air Resources Board-Monitoring and Laboratory Division (CARB), a mission-critical agency that oversees and coordinates California’s efforts to test, measure and limit its residents’ exposure to air polluting elements of all kinds. The Subject is strategically located mere blocks from CARB’s headquarters at 1001 I Street in Sacramento as well as California’s State Capitol, the seat of government for the most populous state in the Union and the world’s fifth largest economy. The Complex is within walking distance of the State Capitol, dozens of other State of California buildings as well as dense residential and retail offerings of all kinds. The Central Business District location is simply superb and not susceptible of easy replication. Since initially taking occupancy of 1927 13th Street in 1981 and 1900 14th Street in approximately 1998 the Agency has requested and received periodic improvements and upgrades to its buildings so as to maintain top-of-the-line state-of-the-art facilities. In the last 12 years Owner reports lab upgrades of approximately $4 million. The CARB’s satisfaction with the facilities is patent. They have been in place for approximately 34 years and executed a 12-year lease extension in 2021. The Opportunity is priced at $13,665,000. The offering price equates to $244 per square foot with a going in capitalization rate on current annualized net operating income of 8.44%. Our 10-year discounted cash flow analysis (Argus™) that assumes Tenant renews its lease in 2034 and a sale of the Complex after 10 years projects an unleveraged annual IRR of 10.72% and a leveraged return of 15.99%. The Tenant’s most recent extension of term commenced on November 1, 2022 and extends to November 30, 2034. The State, as is the case with almost all State leases, possesses a termination right effective on or after October 31, 2029. Rent increases annually by approximately 1.5%. The lease is modified gross with Tenant responsible for gas and electric costs. As well the Tenant reimburses for requested mechanical system repairs, upgrades and replacements plus an administrative override of between five and fifteen percent for said work. The Complex is ideally situated in Sacramento’s Central Business District with immediate access to all area freeways, abundant dining and entertainment options and dense, varied residential options. Regional Transit public transportation is available via the 13th Street light rail station which is two blocks away from the Subject at R Street and the 13th Street bus line is three blocks away at Q Street. Ready access to public transportation is exceedingly important to the State of California as it wishes to make commutes as straight-forward and affordable for its employees and customers as possible. We should add that Regional Transit’s fleet of electric light rail and buses fueled by natural gas are especially attractive in this regard. This is the first time the CARB buildings have been offered for sale in 34 years. The Offering represents a rare and very attractive opportunity to acquire assets with an investment-grade tenant, the State of California, which has clearly evinced a long-term commitment to this location and these facilities. As a result of substantial building improvements paid for by the Tenant over a number of years and the Owner’s granular attention to detail in its management and operation of the Complex, non-routine expenditures are expected to be minimal for the foreseeable future. Too, as the State continues with its requests for modifications and upgrades to the physical plant and its improvements the administrative override fees that Owner charges, which have not been included in our underwriting herein, may prove to be a substantial source of additional revenue for Buyer well into the future. The critical functions performed by CARB and its significant investment in this location and these buildings suggest that the probability of serial renewals and long-term occupancy is high.

Property Subtype:

Mixed Types

Date on Market:

2025-01-31