Coldwell Banker Commercial Grass Roots is pleased to present for sale 424 Crown Point Circle, a light manufacturing/R&D building that spans approximately 16,000 sq. ft. and sits on a 2.14 acre lot. It is located within the prestigious Whispering Pines business park. The property is fully leased to TE Connectivity (NYSE: TEL), a technology company based in Switzerland that designs and manufactures connectors and sensors for various industries such as automotive, aerospace, defense, medical, oil and gas, data communication systems, consumer electronics and energy. In 2021, TEL generated revenue of $14.9 billion and has a current market capitalization of $36.42 billion (as of 6/16/2022). TE Connectivity is currently on a NNN lease, and the annual Net Operating Income is approximately $252,000, representing a going-in cap rate of 8.26%. TEL has informed the landlord that it will vacate the property at the end of their lease term in December 2024, providing an excellent opportunity for an owner-user to acquire the building and collect significant cash flow over the next year and a half while navigating through the planning/moving process. Alternatively, the building is one of only a few free-standing buildings that are fully available within the Whispering Pines Business Park and is well-positioned for an investor to re-tenant. The building has stick frame construction with a stucco exterior and a metal roof. It has been meticulously maintained and updated since its construction. The property features a rain catchment system, a multi-level key card access system, and a recently installed 150KW Kohler generator (hard-lined to natural gas) that is capable of powering the entire building. The current floor plan is versatile and features exterior window-lined offices, interior work/manufacturing stations, and specialized manufacturing/testing rooms. This offering represents a unique opportunity to acquire a highly functional, free-standing building with significant cash flow through December 2024 at well below its replacement cost.