Historical Office Sale Listing - GE Capital Corporation

Office For Sale

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GE Capital Corporation

950 Forrer Boulevard, Kettering, OH 45420

N/A

403,900 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
403,900 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Cap Rate:
6.50%
Occupancy:
100%
No. Stories:
1
Building Class:
A
Tenancy:
Single
Year Built:
1996
Lot Size:
47.20 AC
Listing ID
15238238
Last Updated
over 1 year ago

Highlights

  • GE Capital (S&P AAA) credit
  • 8.5 years lease term remaining
  • Rental rates well below market for assets of this quality. Price per foot well below assets of this quality.
  • This is a core asset for the tenant, who has been in the property for 11 years

Description

We are pleased to offer for sale two single-tenant Class A office buildings totaling 403,900 SF located in Dayton, Ohio. The Property is 100% triple- net leased to GE Capital Corporation for 8 ½ years. GE Capital is rated AAA by S&P.

The property is located in the Kettering Business Park, a 165 acre office park in the City of Kettering, a suburb of Dayton. The Dayton MSA has an estimated population of 944,833. Dayton is situated within the Miami Valley region of Ohio, just north of the Cincinnati metropolitan area.

Map of 950 Forrer Boulevard, Kettering, OH 45420 (Montgomery County)

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