Listed by Greysteel Company LLC Washington, D.C.
$10,100,000
HDT - Blade Center
Details
APN 24-12-6C
Property Type Industrial
Sub Type Flex, R&D
Square Footage 40,455
Net Rentable (SqFt) 40,455
Units 1
Cap Rate 7.01%
NOI $707,679
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 10/31/2028
Remaining Term 2.4
Rent Bumps Yes
Lease Options Two 5-year Options
Class A
Year Built 2017
Buildings 1
Stories 1
Acreage 7.620
Zoning I-1
Parking Spaces 103 spaces
Parking Per SqFt 2.55
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2018
Occupancy Date 11/01/2018
Loading Docks 1
Ownership Fee Simple
STNL Industrial + IOS | 7.01% CAP
Investment highlights
Built in 2017 for the tenant (HDT Global), 510 Lansdowne Rd is a single tenant industrial building with an additional 3.69 Acres of outdoor storage.
HDT Global “Hunter Defense Technologies, Inc” is a worldwide leader in the design and manufacturing of a range of military, government, and industrial products.
The facility serves as HDT Global’s Battle Lab and Advanced Development (Blade) Center which makes use of the indoor facilities, outdoor proving ground, and proximity to major customers in the region.
The NNN lease includes the 40,455 SF building and 3.69 Ac of outdoor space with an initial lease expiration of Oct. 31, 2028 and two 5-year options with annual 3% escalations throughout.
Listing Contacts
Listed by Greysteel Company LLC Washington, D.C.
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$707,679.00
$58,973.25/mo
Valuation Metrics
0
DSCR
7.01%
Cap Rate
7.01%
ROI
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