Address: 1201 & 1235 Radio Road
Year Built: 2001
Building SF: 89,147 SF
Purchase Price: $21 million
Closing Date: March 2018
Projected Hold Period: 2.5 years
Off-market acquisition of a 2-building life science/office project at approximately 60% of replacement cost.
- Major capital improvement projects in progress including plumbing upgrades, new roofs and common area remodeling.
- The thesis was to reposition the asset into a majority life science occupied building.