Parkway Centre One

Parkway Centre One

Property

  •  A high quality, divisible, institutional/corporate headquarters building containing 126,720 sf and 7.8 acres of land

Advantages

  • Suitable for either single or divisible for multi-tenant use
  • Located in the master planned Parkway Business Park, with major Fortune 1000 companies such as GEICO Direct, First American/CREDCO and Mitchell/Snap On
  • Completion of the new 56 Freeway linking I-5 on the coast and I-15, the inland corridor would substantially enhance desirability of this location
  • Strong and increasing cash flows provided downside protection and increasing return
  • 100% leased property was the corporate headquarters of a NYSE listed company
  • Ability to enhance yields with leverage

Results

  • Restructured and improved the lease terms
  • Sold to private investor