| Attractive Basis via Historic Incentives - $1.25M in tax credits + 10-year property tax reduction |
| Efficient Site Access - Four-sided access with dual entry points (SW 2nd & SW 3rd) |
| Expansion & Value-Add Potential - Existing basketball court offers opportunity for additional unit development (buyer to verify) |
| Supply-Constrained Market Dynamics - Limited inventory supporting strong occupancy and rent stability |
| Reduced Near-Term Cap Ex - Recent renovations significantly limit immediate capital requirements |
| Future Development Potential - 2.08-acre site with additional density potential (buyer to verify) |
Nisha Tomar
Lee & Associates Commercial Real Estate Services
