Executive Summary:

Transaction Background:

The property at $250$ Century Parkway in Mount Laurel, NJ spans $7\mathrm{.}24$ acres and hosts an $87,460$ SF office building.

Presently, the single tenant holds a long$-$term lease with an option for termination by December $2026.$ However, they are currently not utilizing the space and are potentially interested in a buyout.

An early buyout payment of $$4\mathrm{.}0$ million from the Tenant to the buyer has been underwritten.

The seller is a private individual without comprehensive information regarding the site's redevelopment feasibility.

Existing Site Plan:

A thorough examination of the existing site plan reveals the property's layout and infrastructure.

Deliverables:

Zoning$/$Entitlement$/$Feasibility:

Initial assessment suggests the need for further exploration regarding zoning regulations, entitlement possibilities, and the overall feasibility of redevelopment.

This assessment is foundational and will require collaboration with third$-$party consultants to refine and strategize further steps.