This Office Property is Off-Market.

950 Forrer Boulevard
Kettering, OH 45420 ·

403,900 SF · Office For Sale

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GE Capital Corporation

Price N/A Occupancy 100%
Building Size 403,900 SF No. Stories 1
Property Type Office Building Class A
Property Sub-type Office Building Tenancy Single
Property Use Type Investment Year Built 1996
Cap Rate 6.50% Lot Size 47.20 AC
Listing ID: 15238238 Date Created: 07/13/2007 Last Updated: 10/11/2007

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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