1365 Technology Ct

Asset Type

Office

Address
1365 Technology Ct Beavercreek, OH United States 45430-2212
Asking Price

Contact for pricing

Sq Footage

123,200

Year Built

2008

Cap Rate

N/A

Additional Attributes

Property Description

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. 

Investment Highlights

  • 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
Listing Contacts
Steven Buss
Steven Buss
Contractor Broker
+65 3159 4021
MN - 20073235
Brian Shanfeld
Brian Shanfeld
Managing Director, Captl Mkts
+65 3159 4021
IL - 475158824
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