1051 Channingway Dr - Office FOR SALE


Fairborn, OH 45324- Fairborn/AFB
$1,750,000 USD
770-992-5112
1051 Channingway Dr, Fairborn, OH for Sale
$1,750,000 USD
Office - FOR SALE
1/7
null | 7.46% Cap Rate

1051 Channingway Dr
Fairborn, OH 45324
Fairborn/AFB


HIGHLIGHTS

  • NNN Lease
  • 2% Annual Increases
  • Mitre Corporation Operates FFRDCs
  • Building Constructed in 2013
  • SCIF Building

OVERVIEW

Opportunity to acquire Class A office property in a highly sought-after sub-market. Surrounding business uses are comprised of financial, education, law, and medical. Tenant has exercised its 3rd - 5/yr renewal option. Lease expiration date is March 31, 2031 - approximately 5yrs & 11mos remaining on the lease term. Tenant has 1 - 5/yr renewal option. All operating expenses are reimbursed by the tenant. CAM is at $15.36/sf. Base rent escalation is 2.00% annually. Building was re-painted and the parking lot was resurfaced in 2023. Mitre has the ROFR on the adjacent land parcel for future expansion. Building was constructed as a "SCIF". Compartmented Information Facility (SCIF) is a secure building. SCIFs are built to strict standards to protect sensitive information from unauthorized access and electronic surveillance. SCIFs are used to store, discuss, and process Sensitive Compartmented Information (SCI), which is derived from intelligence-gathering and classified research and development. SCIFs are built to strict standards that include physical security, acoustic security, visual controls, access control systems, intrusion detection systems, and emanation (TEMPEST) security. SCIFs must be built to the most current version of the IC Tech Spec for ICD/ICS 705, which is typically revised every few years. As a not-for-profit organization, MITRE works in the public interest across federal, state and local governments, as well as industry and academia. We bring innovative ideas into existence in areas as varied as artificial intelligence, intuitive data science, quantum information science, health informatics, space security, policy and economic expertise, trustworthy autonomy, cyber threat sharing, and cyber resilience.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mitre Corporation NNN 7.5% CAP

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

PUD

APN/PARCEL ID

A02-0002-0047-0-0025-00

ASK ABOUT THIS PROPERTY

Jake CrevistonSVN Creviston RealtyMore Info
770-992-5112

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Jake CrevistonSVN Creviston RealtyMore Info
770-992-5112

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