950 Forrer Boulevard
Kettering, OH 45420 ·
403,900 SF · Office For Sale
GE Capital Corporation
|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|
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.
- 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
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