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INVESTMENT HIGHLIGHTS
- Class A Office Campus Setting with Lakefront View
- Discount to Replacement Cost
- Additional Land on Site for Development - 2 AC
- Credit Tenancy - Raytheon (S&P A-) and Dynetics, Inc. (Leidos) (S&P BB)
- Strategic Location With Close Proximity to Restaurants, Retail & Class A Residential
- Located in Cummings Research Park - 2nd largest research park in the U.S. and 4th largest in the world
EXECUTIVE SUMMARY
CBRE, as the exclusive advisor, is pleased to present the opportunity to acquire 890 Explorer Blvd and 315 Bob Heath Drive (“the Property”), a 100% leased, two (2) building single-story portfolio, located in Huntsville, AL. The office building located at 890 Explorer Blvd is 84,000 square feet and the office building located at 315 Bob Heath Drive is 84,575 square feet. The combined portfolio total is ± 168,575 SF. The property is strategically located in Cummings Research Park (CRP), the second largest research park in the United States and the fourth largest in the world. Cummings Research Park has been a vital part of Huntsville’s economic growth for over half a century and the preferred location for aerospace and defense companies. 890 Explorer Blvd and 315 Bob Heath are home to top tier defense and technology companies including Raytheon (S&P A-) and Leidos (S&P BBB), formerly Dynetics, Inc.
890 Explorer Blvd and 315 Bob Heath Drive offer investors the opportunity to purchase a credit tenancy stabilized portfolio at an extremely attractive basis, in a growing and
diversifying economy.
890 Explorer Blvd and 315 Bob Heath Drive offer investors the opportunity to purchase a credit tenancy stabilized portfolio at an extremely attractive basis, in a growing and
diversifying economy.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 171,587 SF |
| Number of Properties | 2 | Total Land Area | 18.59 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 171,587 SF |
| Total Land Area | 18.59 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 890 Explorer Blvd, Huntsville, AL 35806 | Office | 87,012 SF | 2006 | - |
|
Westar II
315 Bob Heath Dr, Huntsville, AL 35806 |
Office | 84,575 SF | 2008 | - |
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