PREMIER TENANCY & LONG-TERM STABILITY – The lease is backed by a Fortune 500 guarantor with a strong Ba1 / BBB- credit rating (Moody’s / S&P Global). The two built-to-suit office buildings are tailored to tenant specifications and secured with an 8-year lease term running through January 2033.
HIGHT QUALITY QUALITY ASSETS – Built in 2011 and 2015, this property features a contemporary design with advanced infrastructure, emphasizing capacity, reliability, power, redundancy, and security. It includes robust power systems, such as two on-site generators, ensuring continuous operation.
PRIME CORPORATE LOCATION – The properties boasts strategic proximity to major regional highways, offering easy access to transportation hubs, business districts, and top educational institutions. On-site amenities like a retail plaza, restaurants, and a daycare center complement its location in a high-income area, with an average household income of over $150,000 within a 3-mile radius.
FAVORABLE COST BASIS – The Properties offer bond-like returns with lease escalations and more than $26 million in contractual net rental revenue throughout the remaining lease term. The buyer’s cost basis at the end of the lease term will be approximately $65 per square foot.
FLEXIBLE OWNER-USER OPPORTUNITY – The Properties present a flexible owner-user opportunity, allowing the buyer to occupy a portion of a building, one entire building, or both buildings.