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1615-1701 Science Pl
Rockwall, TX 75032
Americo - Science Place · Flex Property For Sale
Investment Highlights
- L3 Technologies is an investment grade tenant with an S&P Rating of “BBB”
- Buildings can be purchased together or individually
- 1615-1701 building lease runs through 5/31/2030.
- Mission Critical property consists of two buildings: 50,000 square feet and 100,000 square feet respectively
- Recently relinquished early termination option indicates a solid commitment to the site
- Contact Broker for Pricing Guidance
Executive Summary
Transwestern National Net Lease | Sale Leaseback Group is pleased to present two, Mission Critical single-tenant triple net leased office buildings leased to L3 Technologies, Inc. (NYSE: LHX) in Rockwall (Dallas), Texas. The single-story buildings are across the street from one another with the 1700 Science Place building consisting of 50,000 square feet and 1615-1701 Science Place consisting of 100,000 square feet. The buildings may be acquired together or individually.
L3 Technologies has occupied the 1700 Science Place building since January 2010 and the 1615-1701 Science Place building since June 2015. L3 recently executed a five-year lease extension for the 1700 building and relinquished an early termination option on the 1615-1701 Science Place building indicating a strong commitment to the properties.
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.
The combined NOI is $2,286,722. The NOI for the 1700 building is $750,000 and the NOI for the 1615-1701 building is $1,536,722.
Contact the brokers for pricing guidance.
L3 Technologies has occupied the 1700 Science Place building since January 2010 and the 1615-1701 Science Place building since June 2015. L3 recently executed a five-year lease extension for the 1700 building and relinquished an early termination option on the 1615-1701 Science Place building indicating a strong commitment to the properties.
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.
The combined NOI is $2,286,722. The NOI for the 1700 building is $750,000 and the NOI for the 1615-1701 building is $1,536,722.
Contact the brokers for pricing guidance.
Property Facts
| Sale Type | Investment NNN | Year Built | 2001 |
| Property Type | Flex | Tenancy | Single |
| Building Class | A | Parking Ratio | 3.14/1,000 SF |
| Lot Size | 6.84 AC | Clear Ceiling Height | 24’ |
| Rentable Building Area | 100,000 SF | No. Dock-High Doors/Loading | 6 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 2 |
| Zoning | Lt. Indust | ||
| Sale Type | Investment NNN |
| Property Type | Flex |
| Building Class | A |
| Lot Size | 6.84 AC |
| Rentable Building Area | 100,000 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 3.14/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Lt. Indust |
Utilities
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
Property Taxes
| Parcel Number | 53839 | Improvements Assessment | $8,581,365 CAD |
| Land Assessment | $2,145,341 CAD | Total Assessment | $10,726,706 CAD |
Property Taxes
Parcel Number
53839
Land Assessment
$2,145,341 CAD
Improvements Assessment
$8,581,365 CAD
Total Assessment
$10,726,706 CAD
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