5000 Corporate Court, a 264,482 square foot Class-B office building situated on 37.3 acres located in Holtsville, New York. Anchored by the IRS, the Property benefits from investment grade tenancy. The IRS owns and fully occupies a 640,000 square foot office building less than three minutes away and it is important for them to keep proximity between all divisions. They have already expressed interest in an early extension of their current lease. It is possible the IRS will ultimately expand in the property and be a potential buyer in the future. The Congressional Budget Office estimates an increase in funding for the IRS by $80 billion over the next ten years.

Purchase Price: $32,220,000 (May 2022)
Total Equity: $12,270,000
Initial Annual Yield: 10%