1501 Hughes Way is a versatile office building offering a recently upgraded lobby and floor plates that can accommodate small to medium-sized tenants with ease. The rent roll is comprised of eight tenants with more than four years of weighted average remaining lease term, offering investors stable and secure cash flow with the opportunity to lease up the remaining 2,291 square-foot vacancy.
Over the past seven years the Property has benefited from extensive, institutional-quality upgrades totaling approximately $1.2 Million. Renovations include elevator modernization, elevator cab remodel, ADA restroom conversion to all four floors, new cooling tower, common area upgrades, tenant amenities including a gym, and security system upgrades. Future ownership will benefit from exceptionally maintained product with no near-term, major capital improvements.