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Single-tenant Class A office/research and development building for sale, currently leased to Northrop Grumman Innovation Systems (formerly Orbital ATK). Property is situated in the Miami Valley Research Park, which is home to several aviation and aeronautical research and development companies. The building serves as a mission-critical R&D facility for Northrop Grumman, a leading global aerospace and defense technology company, operating through four business sectors, including Aerospace Systems, Mission Systems, Technology Services and Innovation Systems. It boasts 160,501 square feet of mission-critical space with a substantial tenant investment, as demonstrated by the 37,301 square foot expansion which included Sensitive Compartmented Information Facility (“SCIF”), R&D and warehouse space. Northrop Grumman recently executed an 11-year lease extension in conjunction with a 37,301 square foot expansion in October 2018, which shows their commitment to the location.
- Fee simple interest
- Property includes a net lease with a remaining term of 11 years
- Annual rental increases of 2%
- Further expansion capability
- Mission-critical facility with significant tenant investment