Exclusive insvestment opportunity

A - class technical standard building located in a very central residential-office area, Mezaparks, 20 minutes driving to the city center. The building was commissioned in 2019 and placed on three floors with 24/7 security, underground parking for 52 cars (including 2 electric cars and 1 disabled parking space), and 38 on-ground parking spaces (including 2 electric cars and 2 disabled parking spaces). It was designed by Gatis Didrihsons, and built by Citrus Solutions.

Diverse mix of tenants: IT company, NCH Capital, ForteMed medical services, children's day care center Lauminas Residence, Dr. A. Bērziņa's Dermatology Clinic, and Central Laboratory. The return on the property is 8.4% at full occupancy. Tenants have made investments in fit-outs/are motivated to stay long-term. All leases may be inflation-adjusted if the building-owner so desires.

The property has four Air Handling Units. Efficient Ventilation (with heat recovery) and AC systems. Natural gas with a gas boiler house. Building Management System controls and monitors heating, ventilation, cooling systems, and associated back-up systems. The BMS is routed to a front-end PC located in the building management suite. Optical cable. CAT 6 cable in the office area. WLAN.

Building location: a mature upper-income residential neighborhood of Riga – Mezaparks (was one of the first garden communities in Europe, dating to the early 20th century). A good network of roads and parks surrounds the property, with nearby recreational amenities (including public swimming pools, gyms, a golf course, and the beaches of the Baltic seashore), a supermarket, an upscale shopping center, and a tramline to downtown Riga.