For Purchase

417 South Street – For Sale

SQ FT: 10,000 - 20,000
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Single tenant triple-net lease with corporately guaranteed co-working concept Joynture for the entire building

Significantly below market rent presents a future value add opportunity to increase base rent by over 90%

Landlord responsibility limited to roof and structure

Substantial capital spent on building renovations and interior fit-out

Ground floor sublease to Kicks USA at a per square foot rent that is more than double the Joynture base rent

Located between the highly affluent Society Hill and Queen Village neighborhoods, with average household incomes over $130,000 within a half mile of the property

One block north of significant development projectsincluding a boutique hotel and new Target store

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