507 W Innes St represents a premier investment opportunity featuring a ±21,949 SF professional campus in the heart of Salisbury’s primary commercial corridor. Following a strategic transition year in 2025—during which ownership executed a comprehensive interior modernization program—the asset has been successfully repositioned and is now on an accelerated path to full stabilization. With a projected NOI of $192,905 in 2026 and a surge in 2027, this campus offers a defensive acquisition basis significantly below current replacement costs. There is also room to add additional TICAM reimbursements to increase the NOI further.
2025 served as a pivotal year for the asset, where significant capital was deployed to modernize the tenant experience. During a period of intentional vacancy, ownership installed new flooring, fresh professional paint, and LED lighting retrofit. This investment has already paid dividends; the campus has experienced rapid leasing momentum, successfully transitioning from a period of higher vacancy to a robust, essential-service tenant roster.