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Opportunity to acquire the interest in a very desirable commercial Investment property. With over $1 million in annual net income the property produces a cap rate of 8.4%. Designed and built for The Allstate Corporation, this 78,225 square foot concrete building situated on 9.61 acres features an open floor plan, ample windows, and 418 free parking spaces. In 2012, the building was awarded LEED certification at the Silver level by the U.S. Green Building Council. Allstate Corporation, the largest publicly held personal lines property and casualty insurer in America, leases 100% of the building. The initial ten-year lease as well as the two five-year options to renew include annual rent increases.
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