703-485-8741
201 Technology Park Dr, Lebanon, VA for Sale
Telecom Hotel/Data Hosting - FOR SALE
1/7
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201 Technology Park Dr
Lebanon, VA 24266


HIGHLIGHTS

  • 105,000 SF, High-Quality, Tier-III Build-to-Suit Data Center Facility
  • Strategic Location with Remarkable Infrastructure
  • Excellent Fiber Connectivity Both Regionally and Nationally
  • Situated in Virginia – the Largest Data Center Market in the World
  • Significant Upside Optionality Upon Rollover
  • Free and Clear of Existing Debt

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this offering for 201 Technology Park Drive (the “Property”), a high-quality, Tier-III build-to-suit data center facility strategically located in Southwest Virginia. Originally built in 2007, the 105,000 SF facility features 33,000 SF of dual feed technical space with ~19,000 SF of raised floor, appealing to potential end users. The Property is currently 100% leased to multinational aerospace and defense technology company Northrop Grumman (S&P: BBB+), who will relocate upon expiration in October 2022. The Property affords potential investors significant value creation opportunities due to its strategic location and data center optionality. In a supply constrained market the investor can pursue active requirements and leverage the existing data hall space.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.3 AC

LAND SF

579,304 SF

ZONING

-

APN/PARCEL ID

104RIA21019C4

ASK ABOUT THIS PROPERTY

703-485-8741

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703-485-8741

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