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Over $1,000,000 Invested Since 2017
Over $1,000,000 Invested Since 2017
The Sweeney Building represents a rare opportunity to acquire a historic landmark that has been systematically modernized to institutional standards. Since 2017, ownership has invested $1,102,812 into the building's core infrastructure, mechanical systems, and tenant environments. This proactive CapEx program significantly reduces near-term risk and provides a turn-key platform for the next owner.
Core Infrastructure & Mechanical Upgrades
Core Infrastructure & Mechanical Upgrades
Building-Wide HVAC Overhaul (2017): Installation of a new Cooling Tower, New Heat Transfer Shed, and 43 individual HVAC units ($284,975).
High-Efficiency Heating (2017): Installation of two new high-capacity boilers ($43,960).
Electrical Modernization (2022–2025): Complete electrical service upgrade including new 1200AMP power feed, new switches, and breakers ($200,000+).
Roofing Excellence (2022): Installation of a new 90MPH-rated roof with a 20-year guarantee, including a comprehensive roof drain system to Main Street ($121,332).
Elevator & Security: SmartRise elevator system. 24/7 - 24 camera DVR security camera network and a 2nd 14 camera Google camera network
Exterior & Lobby Enhancements
Exterior & Lobby Enhancements
Main Street Presence: Installation of four high-end sliding glass front doors (interior and exterior) with integrated security connections ($46,999).
Structural Integrity: Comprehensive masonry repairs to both the North and Back brick walls ($80,888).
Lobby Revitalization: Complete tile work, custom railing, LED lighting upgrades, and professional signage by Hadley Exhibits.
Every major mechanical 'failure point' common in historic downtown buildings has been addressed here. From the 20-year roof to the 43+ new HVAC units and the massive electrical upgrade, we have effectively reset the building's physical clock. For an investor, this means a predictable NOI with minimal exposure to emergency capital calls.
Summary of Capital Improvements:
Year, Investment Highlights, Annual Total
2024-2025, Electric Upgrades, Weaver Roofing scuppers, Sliding Front Doors, $194,951
2023, Phase 1 Electrical Upgrade, Video Suite Buildout, North Wall Masonry, $133,518
2022, Roof Drain Infrastructure to Main Street (split from sewer), $45,000
2021, Temp Electric Service, RE Kelley Concrete, New 90MPH roof, $155,360
2019-2020, Back Wall Brick Repair, 4th Floor Full Renovation, $134,933
2017-2018, Major Mechanical Overhaul, Boilers, Cooling Tower & Heat Transfer Shed, HVAC Units, $439,050
TOTAL, Documented Building Improvements, $1,102,812
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