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Investment Highlights:
9+ years remaining term through 2/28/2027
Credit Tenant (TDK/Tronics MEMS) with recent substantial Tenant improvements
8,000 Sq. Ft. Office ( 4,500 Sq. Ft. Downstairs, 3,500 Sq. Ft. Upstairs)
22' ceilings with 2 tailboards, 1 Drive in door and fenced outside storage
6,000 Sq. Ft. class 100 cleanroom
Investment Overview:
The TDK/Tronics MEMS Facility (The Property) is a single tenant net leased Industrial/Flex opportunity. The lease rental rate has 4% annual increases and the term extends through February 28, 2027, with the tenant having one, five-year renewal option at market rates. Additionally, the lease has corporate guaranties and the Tenant has made recent substantial Tenant improvements.
The Tenant manufactures custom and standard products in the nano and microsystems sectors with clients in the industrial, aeronautics, security, and medical markets. Key operations in the facility include: 150mm and 200mm wafer processing; bulk micromachining (wet and high aspect ratio DRIE) with standard dielectric and metallization processes, wafer le
Key operations in the facility include: 150mm and 200mm wafer processing; bulk micromachining (wet and high aspect ratio DRIE) with standard dielectric and metallization processes, wafer level packaging (anodic, fusion, eutectic, polymer) and custom coatings and chemical functionalization for biosensors.
Addison is a bustling town alive with entrepreneurial spirit where small start-ups to major corporations are headquartered including Mary Kay and Bottle Rocket Apps. Within a compact urban center, Addison has a unique combination of quality office buildings, upscale shopping, beautifully landscaped residential communities, award-winning parks, 22 hotels and 180 restaurants, all within a 5 minute drive from anywhere in town. Addison is located 13 miles north of downtown Dallas, 16 miles northeast of DFW airport, 11 miles north of Love Field airport and about a mile from The Dallas Galleria. The Addison Airport is a convenient way to arrive for charter and private planes.
