West Virginia University Anchored Office

150 Clay Street, Morgantown, West Virginia

Full Offering Memorandum

Details

West Virginia University along with nationally-known law firm Jackson Kelly and global construction services firm Aecom anchor 150 Clay Street, an impeccably maintained Class A Office building now available to qualified investors in Morgantown, West Virginia.  The all-brick 6-story building is situated along the Monongalia River in Downtown Morgantown and is within walking distance to the main campus of West Virginia University, with over 28,000 students.  The asset is currently 81% leased to nationally and internationally-known tenants who have all recently extended their leases, showing their long-term commitment to the property.  While the current net operating income is fully stabilized, the asset is being sold with 15% vacancy, providing the buyer with a unique opportunity to cash flow immediately with solid, long-term tenants in place, and greatly increase monthly return and resulting value as new tenants are added.  The property benefits from its location along heavily trafficked Don Knotts Boulevard which provides employees and customers easy access to downtown, WVU, and Interstates 68 and 79 just a few minutes south.  Morgantown is the educational and research hub of West Virginia; some of the major employers include West Virginia    University, Mylan Pharmaceuticals, WVU Medicine, Morgantown Energy Technology Center, Teletech, Greer Industries, and many more. 

Location