Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”), has been retained on an exclusive basis to arrange the sale of 81 Highland (the “Property” or “Opportunity”), a 72,136 square foot, fully stabilized, Class A office building located in Bethlehem, PA. Since 2015, 81 Highland has undergone a best-in-class modernization program totaling $5.7+ million, turning the Offering into one of the premier office assets in the Lehigh Valley.
81 Highland enables qualified investors the opportunity to acquire a 99% occupied Property with 5.2 years of weighted average remaining lease term. The Property is anchored by the headquarters of Innovative Control Systems, an industry-leading provider of technology solutions for the car wash industry.
The Property is ideally situated in the affluent Lehigh Valley, the fastest growing and third most populous region in the state of Pennsylvania with a population of 844,052 residents. The Property is located just minutes from an on-ramp to US Route 22, providing quick access to the entire Lehigh Valley, Southeastern Pennsylvania via the Northeast Extension and New York City via I-78.
Caractéristiques de l'actif
Points clés d'investissement
- 100% Stabilized Office Building with 5.2 Years of WALT
- Strong Anchor Tenancy
- Significant Capital Investments
- Strong Leasing Velocity & Utilization Post COVID
- Strong Location in Lehigh Valley with Great Access & Amenities
- High Quality Labor
- Potential Value-Add Opportunity