1025 Laurel Oak Road
1025 Laurel Oak Road is a Class B, 3-story, 73,868 SF office building located in the Laurel Oak Corporate Center. The subject property is the former headquarters of American Water Company which has moved there operation to Camden, NJ. It has a brick exterior with a continuous band of tinted glass,- SFA will plan to renovate the atrium and all common areas, along with the restrooms throughout the building. The property is located at the corner of Haddonfield Berlin Road and Laurel Oak Road, 5 minutes from Echelon Mall. It is convenient to Routes 73 and 295 and has immediate accessibility to area restaurants and hotels, along with other local amenities. Corporate neighbors include: Ohio Casualty Group, American Express and SunGard Computer Services.
Due to its past corporate ownership by American Water Company, 1025 Laurel has been meticously maintained. SFA’s main focus will be to reposition and multi-tenant the building. SFA has allowed for a $500,000 reserve for capital improvements to reconfigure common areas of the property. As well as a $1,500,000 reserve for tenant improvements and leasing commissions for the lease up of the subject property. The projected asking rent is approximately $10.00 PSF NNN.