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193 Tilley Dr
South Burlington, VT 05403
PC Construction Headquarters · Office Property For Sale
Investment Highlights
- Complementary Co-Tenancy
- LEED Certified
- 100% Occupied
Executive Summary
The PC Construction Headquarters building at 193 Tilley Drive in South Burlington, Vermont is a high-quality multi-tenant office building in one of the most desirable commercial corridors within the Burlington metropolitan area. The property contains approximately 28,299 rentable square feet and is currently 100% leased on a NNN basis to a stable mix of professional office tenants.
The tenant roster includes PC Construction Company, a nationally recognized construction firm headquartered in at the subject property, along with Stantec Consulting Services, a global engineering and design company, and Performance Orthopedic Design, a medical orthotic device design firm.
The property offers investors stable in-place income with long-term historic tenancy, a strong regional location, and the opportunity to acquire a well-maintained office asset in Vermont’s largest and most economically vibrant metropolitan market.
The tenant roster includes PC Construction Company, a nationally recognized construction firm headquartered in at the subject property, along with Stantec Consulting Services, a global engineering and design company, and Performance Orthopedic Design, a medical orthotic device design firm.
The property offers investors stable in-place income with long-term historic tenancy, a strong regional location, and the opportunity to acquire a well-maintained office asset in Vermont’s largest and most economically vibrant metropolitan market.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
29,919 SF
Building Class
B
Year Built
2009
Price
$6,125,000
Price Per SF
$204.72
Cap Rate
7.74%
NOI
$474,015
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,000 SF
Building FAR
0.09
Lot Size
7.86 AC
Parking
142 Spaces (4.75 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | (188) 1718-00193 | Improvements Assessment | $3,800,000 |
| Land Assessment | $0 | Total Assessment | $3,800,000 |
Property Taxes
Parcel Number
(188) 1718-00193
Land Assessment
$0
Improvements Assessment
$3,800,000
Total Assessment
$3,800,000
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