At 199 West Road, MSM Equities achieved a remarkable triple-win of investment value: One, we acquired this asset 100% tenanted in turnkey condition; two, we achieved a rare cap rate via a skillfully negotiated purchase price; three, we renegotiated the anchor tenant’s rate to remove their termination option and lock them in for the long term.
This further enhances the remarkable stability we expect from this property. All tenants are established in their respective industries, including a reputable regional construction company that services high-profile institutional clients; a veteran property management firm with operations nationwide; and a special education outfit that’s embedded in the local community.