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1700 Science Pl
Rockwall, TX 75032
Office 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
- 1700 building lease runs through 12/31/2030
- Mission Critical property consists of two buildings: 50,000 square feet and 100,000 square feet respectively
- Recent five-year lease extension for the 1700 building shows strong 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
Property Type
Building Size
50,000 SF
Building Class
A
Year Built
2009
NOI
$1,042,702 CAD
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)
Property Taxes
| Parcel Number | 81853 | Improvements Assessment | $7,424,042 CAD |
| Land Assessment | $4,949,361 CAD | Total Assessment | $12,373,403 CAD |
Property Taxes
Parcel Number
81853
Land Assessment
$4,949,361 CAD
Improvements Assessment
$7,424,042 CAD
Total Assessment
$12,373,403 CAD
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