7 Buildings | 211,000 Square Feet
Value add flex office and warehouse portfolio
Forecast hold period: 4 years
Odyssey purchased this project at an excellent basis, $32/SF, well below production cost, in a submarket with strong occupancy. The project was capitalized with sufficient capital for remodeling functionally obsolete tenant units. Odyssey has brought occupancy from 62% acquisition to 85% in the first six months of the hold period.