The property is being repurposed to an executive professional office building with small unit size and efficient space configuration. Post pan-demic small and efficient office space is in strong demand. Smaller units also demand higher rental rates per square foot. There is no similar product type in the immediate market. This provides a strong alternative for businesses looking to maintain an office presence but with a smaller office space total square footage. The low acquisition price presents an opportunity to do an extensive and appealing renovation that will attract tenants and higher rental rates. Rental rates of $16.00 to $20.00 per square foot will be sought upon completion of this renovation.