25 May The Miller Investment Fund Adds A Property In Maumee, Ohio
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The Miller Investment Fund is excited to announce the acquisition of a new office property in Arrowhead Park, in Maumee, Ohio. This 22,700 sq. ft. office building offers an appealing floor plan for tenants, and well-maintained offices and grounds.
“There were a number of reasons our team saw the high potential of this building,” said Fund Principal Jerry Miller. “Certainly, the quality of both the building and the location makes for a strong addition to the portfolio, but those are just a few of the factors we examine when adding a property to the Fund.”
BUILDING A DIVERSE PORTFOLIO
Jerry shared that the building’s unique circumstances offered a significant opportunity to add to the value of the Miller Investment Fund’s portfolio. Further, the contribution of another office building brings additional balance to a portfolio that offers a rich variety in property types by industry.
“The Miller Investment Fund continues to seek opportunities to add buildings to a diverse portfolio, designed to bring value to our investors,” said Kurt Miller, Fund Principal and President & CEO of Miller Diversified. “Our patience and persistence in selecting investment properties has allowed us to achieve our goals since the Fund’s inception.”
This strategic addition to the Fund comes on the heels of the addition of a retail center in Holland, Michigan. The Miller Investment Fund team continues to actively seek and vet out potential contributions to the Fund’s growing portfolio of properties.
ABOUT THE LOCATION: ARROWHEAD PARK
Part of the Miller Investment Fund’s interest in this property was spurred by its enviable location and situation. Arrowhead Park is a large corporate business park in the heart of Maumee, surrounded by restaurants, shops, and more. Located conveniently just off the expressway and minutes away from the Ohio Turnpike, this accessible location has made this business park appealing to a wide range of businesses and professional organizations.
Furthermore, the Arrowhead Park Association (APA) offers a wide range of benefits to members, including scholarships for employees of APA members; close connections with organizations such as the Department of Transportation, the Chamber of Commerce, and the City of Maumee; an annual golf outing; and even a local food truck.
“This coveted location is part of the Longbow building’s many charms,” Jerry said. “That is just one of the many reasons the Miller Investment Fund was interested in adding this building to the Fund’s growing portfolio.”
This move-in-ready office building is currently available for sublet for a qualified tenant or even multiple tenants. For more information about this property, contact Jerry Miller, jmiller@millerdiversified.com.
ABOUT THE FUND’S PERFORMANCE
Despite the challenges of the pandemic, the Miller Investment Fund has continued to perform as targeted.
“We’ve hit our growth and distribution targets for 2020 despite the pandemic,” said Jerry. “We are looking forward to seeing additional growth in 2021 and have several buildings in the pipeline at this time.”
The Miller Investment Fund team believes this is due in part to the structure of the Fund, which allows investors to contribute capital or a building in exchange for units (shares). The Fund team tends to take a measured approach, prioritizing the goal of slow and steady growth over time.
UP NEXT FOR THE MILLER INVESTMENT FUND
The Miller Investment Fund is focused on continued steady growth, seeking qualified investors and adding properties across expanded geography. For more information about the Fund, contact Tim Konieczny, President, at tkonieczny@millerdiversified.com