Property Description

Positioned in Downtown Farmington, this multi-tenant office investment offers a compelling value-add opportunity supported by vacant suites and month-to-month tenancy, allowing a new owner immediate flexibility to increase rents and improve cash flow.The building totals 32,376 square feet, with approximately 22,500 square feet of leasable office space, complemented by functional common areas including hallways, restrooms, conference rooms, and a shared break room. Suite sizes vary, making the property suitable for a broad range of users-from single-office professionals to larger multi-employee businesses.Tenants enjoy access to two shared conference rooms, a break room, secure interior mailboxes, and elevator and stair access to the second floor. Common-area restrooms are located on each level, with select suites featuring private restrooms.Leases are currently structured on a gross basis, with rents inclusive of taxes, insurance, common area maintenance, and utilities, offering operational simplicity and future repositioning potential. An additional 0.265-acre corner parking lot located at Jackson and Patterson Streets is included in the sale, providing added convenience and long-term flexibility.This offering presents investors with a stabilized footprint and clear upside in a centrally located office asset with scalable tenant mix and strong fundamentals.The property offers immediate value-add potential through lease-up of vacant suites and flexible month-to-month tenancy. Current gross lease structure provides simplicity while allowing future lease restructuring at buyer's discretion. An additional 0.265-acre corner parking lot enhances accessibility and long-term flexibility. Information deemed reliable but not guaranteed; buyer to verify all financial and property details.

Property Features