221 W Laurens Offices 221 W Laurens St

Reedy River Retail at SVN | Blackstream is pleased to present this well-positioned office building, originally built in 1974, underwent a major renovation in 2022, bringing it up to modern standards while preserving its solid foundation. The property is anchored by Gleamns Human Resources Commission, a longstanding tenant occupying approximately 38% of the building. With their lease up for renewal, this presents a great opportunity to renegotiate and bring rents to market. The remaining 62% of the building is vacant, creating an excellent value-add opportunity for an investor looking to lease up the space and maximize returns. With a pro-forma annual NOI of approximately $70,000, this property is ready for a new owner to step in, stabilize, and capitalize on its full potential. One of the biggest perks is dedicated parking. In a downtown setting where parking is scarce, this property offers approximately 18 dedicated spaces, a rare and highly desirable amenity for tenants. This is a turnkey investment opportunity for an owner-operator or savvy investor looking to take advantage of an already-improved asset with built-in upside.