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201 Technology Park Dr 105,000 SF Industrial Building Lebanon, VA 24266 For Sale
INVESTMENT HIGHLIGHTS
- 105,000 SF, High-Quality, Tier-III Build-to-Suit Data Center Facility
- Excellent Fiber Connectivity Both Regionally and Nationally
- Significant Upside Optionality Upon Rollover
- Strategic Location with Remarkable Infrastructure
- Situated in Virginia – the Largest Data Center Market in the World
- Free and Clear of Existing Debt
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this offering for 201 Technology Park Drive (the “Property”), a high-quality, Tier-III build-to-suit data center facility strategically located in Southwest Virginia. Originally built in 2007, the 105,000 SF facility features 33,000 SF of dual feed technical space with ~19,000 SF of raised floor, appealing to potential end users. The Property is currently 100% leased to multinational aerospace and defense technology company Northrop Grumman (S&P: BBB+), who will relocate upon expiration in October 2022. The Property affords potential investors significant value creation opportunities due to its strategic location and data center optionality. In a supply constrained market the investor can pursue active requirements and leverage the existing data hall space.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Rentable Building Area | 105,000 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Year Built | 2007 | |
| Building Class | B | Tenancy | Single |
| Lot Size | 13.30 AC |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | B |
| Lot Size | 13.30 AC |
| Rentable Building Area | 105,000 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Tenancy | Single |
AMENITIES
- 24 Hour Access
- Controlled Access
- Raised Floor
- Security System
- Signage
- Air Conditioning
- On-Site Security Staff
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 105,000 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 105,000 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 105,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1 1
PROPERTY TAXES
| Parcel Number | 104RIA21019C4 | Improvements Assessment | $16,985,500 |
| Land Assessment | $1,329,900 | Total Assessment | $18,315,400 |
PROPERTY TAXES
Parcel Number
104RIA21019C4
Land Assessment
$1,329,900
Improvements Assessment
$16,985,500
Total Assessment
$18,315,400
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201 Technology Park Dr
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