L3 Technologies-Bldg 1
Mission Critical Two Property Portfolio-Can Be Purchased Together or Individually
Marketing description
Transwestern National Net Lease | Sale Leaseback Group is pleased to present two, Mission Critical single-tenant triple net leased office buildings leased to L3 Technologies, Inc. (NYSE: LHX) in Rockwall (Dallas), Texas. The single-story buildings are across the street from one another with the 1700 Science Place building consisting of 50,000 square feet and 1615-1701 Science Place consisting of 100,000 square feet. The buildings may be acquired together or individually.
L3 Technologies has occupied the 1700 Science Place building since January 2010 and the 1615-1701 Science Place building since June 2015. L3 recently executed a five-year lease extension for the 1700 building and relinquished an early termination option on the 1615-1701 Science Place building indicating a strong commitment to the properties.
In addition to private offices and workstations, the 1700 building has a Sensitive Compartmented Information Facility (SCIF Room).
L3 Technologies merged with Harris Corporation in 2019 to form L3Harris Technologies, Inc. L3 is a top tier American defense contractor and aerospace technology provider. They specialize in mission-critical systems, including command and control, advanced electronics, secure communications, surveillance, night vision, and aerospace/maritime solutions for military and government customers. L3’s annual revenue exceeds $21 billion operating in more than 100 countries.
Investment highlights
- L3 Technologies is an investment grade tenant with an S&P Rating of “BBB”
- Mission Critical property consists of two buildings: 50,000 square feet and 100,000 square feet respectively
- Buildings can be purchased together or individually
- Recent five-year lease extension for the 1700 building shows strong commitment to the site
- Recently relinquished early termination option for the 1615-1701 building also indicates a solid commitment to the site
- 1700 building lease runs through 12/31/2030 and 1615-1701 building lease runs through 5/31/2030.
- Minimal landlord responsibilities
- Contact Broker for Pricing Guidance
- Cut and paste this link in your browser to view the Building 2 listing: Follow this link to view Building 2 information: https://www.crexi.com/properties/2437984/texas-l3-technologies-bldg-2
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