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| William Shopoff |
DAYTON, OH -- Shopoff Realty Investments announced the
company has acquired Apple Valley Office
Center, a three-building, 130,440-square-foot office campus in the Dayton
suburb of Beavercreek, Ohio.
The acquisition was partially capitalized by Shopoff
Strategic Income Fund, which closed to new investors on December 31, 2014.
Apple Valley Office Center is comprised of a three-story,
55,024-square-foot building, a two-story, 29,916-square-foot building, and a
single-story, 45,500-square-foot building.
The campus was constructed in 1985
on approximately six acres of land.
“Apple Valley Office Center is well-located in Dayton’s
flourishing East Office Submarket, the main driver of regional office space
demand,” said William Shopoff, chief
executive officer of Shopoff Realty Investments.
“Adding to its appeal, the campus currently has an occupancy
level of 95 percent, providing stable cash flow and an opportunity to create
additional value through unleased space. Moreover, the diverse group of tenants
with staggered lease expirations increases the stability of the property in the
future.”
For a complete copy
of the company’s news release, please contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703
509-338-5676 - cell
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