This single tenant build-to-suit office building was complete in late 2020. The building currently houses a single tenant (BPS.Technology) with 5 years of primary lease term remaining and three 5-year renewal options. The tenant is responsible for all taxes, insurance, and common area maintenance costs associated with the property. The tenant has signed a lease that is generating $372,000 in base rental income. We are currently offering this investment on a 5.314% capitalization rate off of in-place rental income ($7,000,000).
BPS Technology is a privately held energy technology and intellectual property firm with annual revenue of approximately $20 MM per year. This is the only BPS Technology office and currently serve as their mission critical headquarters facility.
Listing Agent: Mathieu Ryon Courtesy of: Mathieu Ryon Properties marked by the NTREIS Logo are courtesy of the NTREIS Multiple Listing Service. Property listing data provided by NTREIS multiple listing service. You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. Updated: 28th June, 2022 3:46 PM (UTC)
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