400 Commerce Drive,

Delaware

400 Commerce Drive,
Delaware

Sector Office property

Project Scope Acquisition, Investment Management

Purchase Price $25.2m

SQ FT 154086

Investment Rationale

  • High quality retrofit refurbishment of late 1990s building
  • Situated in a strategic location on the I-95 highway
  • New long term lease secured to strong credit tenant

Business Plan Completed

  • Property acquired in 2019.
  • Long term hold, benefitting from strong long dated income from a strong credit tenant.

Team Involved

Edmund Costello

Stephen Kearney

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