Investment Overview

Marcus and Millichap is pleased to offer the opportunity to acquire a +/- 101,269 SF single story value-add office/flex building (“Asset” or “Property”) that is 82% occupied by AT&T Services, Inc. (“Tenant”), a wholly owned subsidiary of AT&T. As of March 2025, AT&T significantly increased the amount of space leased at the Property showcasing the importance of this Asset to AT&T. The remaining 18% of rentable SF provides a value-add lease up opportunity for future ownership in an office market with a less than a 4.5% vacancy. The Asset is a single story +/- 101,269 SF building that has been institutionally owned and maintained since AT&T originally signed a 15-year lease on the asset in 2007. While originally 100% utilized by AT&T, they downsized in January 2025, into +/- 56,192 SF. This consolidated space lasted shortly as AT&T reabsorbed 27,335 SF and now leases +/-83,527 SF. The vacant space will contain +/- 17,742 SF of high-quality back-office space, 18% of the total SF, and presents the perfect opportunity for a value-add investor to lease up or for an owner user to occupy. In addition to possibilities provided with the existing office structure, there is future re-purpose upside in the event AT&T does not utilize their renewal options, given the high-quality existing improvements, the oversized +/- 10.64 acres parcel, and favorable "C-4" General Commercial zoning.