Description

This is a 56,000-square foot office research facility in the Central Florida Research Park of Orlando, Florida. The property is leased over 80 percent by Northrop Grumman (S&P BBB+). The remaining space is leased to Quantum 3D, a San Jose, California based leading developer and manufacturer of real-time visual simulation and computing systems. They work hand in hand with Northrop Grumman at this facility.

This is an opportunity to own a cash flowing tangible asset, within a relevant and necessary office park in Central Florida. The CFRP (Central Florida Research Park) is a 1,027 acre office park with some 116 companies, 56 buildings, and approximately 9,500 employees. There are on-site hotels and banking facilities. The subject property is within a few hundred yards of the University of Central Florida's campus and sits on approximately 6.5 Acres.

There is existing non-recourse financing in place. Northrop has been in the building since 2001 and has just exercised a five year renewal

The CFRP (Central Florida Research Park) is a 1,027 acre office park with some 116 companies, 56 buildings, and approximately 9,500 employees. There are on-site hotels and banking facilities. The subject property is within a few hundred yards of the University of Central Florida's campus and sits on approximately 6.5 Acres