Description
Option 1: Lease 1st and 2nd Floors as a 6-office suite at $3,000/ mo or $19.45 / SF. Option 2: Lease 1st floor for retail at $1,700 / mo, 2nd floor for office at $1,300 / mo, 3rd floor already leased to DC law firm, Option 3: Buy 1st Floor as a condominium unit at $350,000 or 1st and 2nd Floors at $600,000. Option 4: Buy the 3,963 square foot building as an investor at$800,000. Option 5: Buy the building for a live-work purpose, convert the 3rd (or 2nd and 3rd) floors to residential (in Jan. '22) No other listed commercial property in Easton's Town Center offers as much flexibility as this one, nor the extent of amenities and finishes in the common areas, reception, and conference room, as well as kitchens and bathrooms. A full range of services and furnishings are also available. Revenue is currently realized through one three-year lease, two long time M-t-M leases, a la carte services, and virtual office subscriptions. Upside exists with one prime office space to rent, and more focus on the existing executive suites business model. This is a perfect opportunity for an Investor, suites operator, or live/work.
Description
Option 1: Lease 1st and 2nd Floors as a 6-office suite at $3,000/ mo or $19.45 / SF. Option 2: Lease 1st floor for retail at $1,700 / mo, 2nd floor for office at $1,300 / mo, 3rd floor already leased to DC law firm, Option 3: Buy 1st Floor as a condominium unit at $350,000 or 1st and 2nd Floors at $600,000. Option 4: Buy the 3,963 square foot building as an investor at$800,000. Option 5: Buy the building for a live-work purpose, convert the 3rd (or 2nd and 3rd) floors to residential (in Jan. '22) No other listed commercial property in Easton's Town Center offers as much flexibility as this one, nor the extent of amenities and finishes in the common areas, reception, and conference room, as well as kitchens and bathrooms. A full range of services and furnishings are also available. Revenue is currently realized through one three-year lease, two long time M-t-M leases, a la carte services, and virtual office subscriptions. Upside exists with one prime office space to rent, and more focus on the existing executive suites business model. This is a perfect opportunity for an Investor, suites operator, or live/work.
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