MARK TO MARKET OPPORTUNITY There is an opportunity to capture a $150+ rent increase without appreciable capital investment. STRONG COMMERCIAL TENANCY The property comes with two long-term commercial tenants dating back to 2013. Leases include annual rent escalations. CITY CENTER INNOVATIONS DISTRICT The property is two blocks from the Richmond Coliseum and Blues Armory, which are slated for conversion to a high-density mixed-use neighborhood that will include retail, office, hospitality, and entertainment uses (*see page 11 of the OM). EXCELLENT SUBMARKET DEMOGRAPHICS City Center is a prime area for capital investment and price appreciation, supported by job growth and excellent demographic trends. UNBEATABLE MOBILITY The property is on the GRTC Pulse bus line and is walkable to work, school, and leisure destinations. Walk Score® / Walker’s Paradise (97) Transit Score® / Good Transit (64)