Lockheed Martin

Asset Type

Industrial & Logistics

Address
1701-1705 S Great Southwest Pkwy Grand Prairie, TX United States 75051-2502
Asking Price

Contact for pricing

Sq Footage

75,000

Year Built

1986

Cap Rate

N/A

Additional Attributes

Property Description

Lockheed Martin Mission and Fire Control facility for sale in the heart of the Dallas-Fort Worth region. This one-of-a-kind facility has 111,471 sq. ft. and features a 100% R&D build-out for Lockheed Martin’s Missiles and Fire Control research, development and engineering operations, with large, efficient floor plates and ample parking. Located in close proximity to the DFW airport and bounded by State Highway 161 to the east, Interstate 30 to the north, State Highway 360 to the west, and Interstate 20 to the south. Lockheed Martin is the sixth largest employer in the Dallas-Fort Worth Metroplex. The property employs 490 people and is just 0.3 miles west of their headquarters and fabrication facility which employs over 3,500 more. The potential buyer will have the opportunity to acquire the property at significantly below replacement costs and drive the renewal rental rate closer to current market standards.

Investment Highlights

  • Fee simple interest
  • Property has remaining lease term of 2.92 years and is currently leased at 12.5% below market
  • Facility is 100% leased by Lockheed Martin MFC
  • Tenant has made significant reinvestments in the property, with over $2.7 million in remodels and preventative maintenance
  • Lockheed Martin has signed three 5-year renewals/lease extensions since 2004
Listing Contacts
Zane Marcell
VP, Capital Markets
+65 3159 4021
Dustin Volz
Dustin Volz
EVP, Capital Markets
+65 3159 4021
Interested in this property?

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.