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1700 Science Pl 50,000 SF Office Building Rockwall, TX 75032 For Sale
Investment Highlights
- L3 Technologies is an investment grade tenant with an S&P Rating of “BBB”
- Recent five-year lease extension shows strong commitment to the site with the lease running through 12/31/2030
- Minimal landlord responsibilities
- Mission Critical single-story office building consisting of 50,000 square feet and includes a SCIF room
- L3 also has a 100,000 SF facility across the street providing a further commitment to the Rockwall Technology Park
- Contact Broker for Pricing Guidance
Executive Summary
Transwestern National Net Lease | Sale Leaseback Group is pleased to present a Mission Critical single-tenant triple net leased office building leased to L3 Technologies, Inc. (NYSE: LHX-L3Harris) in Rockwall (Dallas), Texas. L3 also leases a 100,000 square foot office/warehouse property across the street signaling a further commitment to the Rockwall Technology Park.
L3 Technologies has occupied the building since January 2010 and recently executed a five-year lease extension indicating a strong commitment to the site. In addition to private offices and workstations, the 1700 building has a Sensitive Compartmented Information Facility (SCIF Room).
L3 Technologies merged with Harris Corporation in 2019 to form L3Harris Technologies, Inc. L3 is a top tier American defense contractor and aerospace technology provider. They specialize in mission-critical systems, including command and control, advanced electronics, secure communications, surveillance, night vision, and aerospace/maritime solutions for military and government customers. L3’s annual revenue exceeds $21 billion operating in more than 100 countries.
L3 Technologies has occupied the building since January 2010 and recently executed a five-year lease extension indicating a strong commitment to the site. In addition to private offices and workstations, the 1700 building has a Sensitive Compartmented Information Facility (SCIF Room).
L3 Technologies merged with Harris Corporation in 2019 to form L3Harris Technologies, Inc. L3 is a top tier American defense contractor and aerospace technology provider. They specialize in mission-critical systems, including command and control, advanced electronics, secure communications, surveillance, night vision, and aerospace/maritime solutions for military and government customers. L3’s annual revenue exceeds $21 billion operating in more than 100 countries.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
50,000 SF
Building Class
A
Year Built
2009
NOI
$750,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
50,000 SF
Building FAR
0.22
Lot Size
5.13 AC
Zoning
LI - Light Industrial
Parking
214 Spaces (4.28 Spaces per 1,000 SF Leased)
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 81853 | Improvements Assessment | $5,340,000 |
| Land Assessment | $3,560,000 | Total Assessment | $8,900,000 |
Property Taxes
Parcel Number
81853
Land Assessment
$3,560,000
Improvements Assessment
$5,340,000
Total Assessment
$8,900,000
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1700 Science Pl
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