Thursday, April 16, 2015

Shopoff Realty Investments Acquires Apple Valley Office Center Near Dayton, OH


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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