817-800-5058
1700 Science Pl, Rockwall, TX for Sale
Office - FOR SALE
1/5
null | Request Cap Rate

1700 Science Pl
Rockwall, TX 75032


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
  • 1700 building lease runs through 12/31/2030
  • Contact Broker for Pricing Guidance

OVERVIEW

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. The combined NOI is $2,286,722. The NOI for the 1700 building is $750,000 and the NOI for the 1615-1701 building is $1,536,722. Contact the brokers for pricing guidance.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

214

LAND DETAILS

LAND ACRES

5.13 AC

LAND SF

223,506 SF

ZONING

LI

APN/PARCEL ID

81853

ASK ABOUT THIS PROPERTY

Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

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Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.