Rhodium Capital Advisors Acquires Office Property In Mesa For $5.8M

An office building located at 100 Franklin Square Drive in Somerset has been acquired by Rhodium Capital Advisors for $5.8 million. The 107,000-square-foot building is occupied by a mix of healthcare, education, insurance, technology, and legal firms. Rhodium plans to spend $2.4 million for tenant improvements and leasing commissions for existing and new tenants, as well as $350,000 on building-wide capital improvements.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,800,000.00
• Market: Mesa
• Buyer: Rhodium Capital Advisors
• SF: 107,000

Slava Vaynberg of Cushman & Wakefield represented Rhodium in the acquisition. Sol Kinraich and Ryan Goldstein of MLK Real Estate Capital arranged the debt financing, while Jeffrey Zwick & Associates acted as Rhodium’s legal counsel.