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Discovery Center II & III 2 Office Properties in Huntsville, AL
Investment Highlights
- SUPERB INVESTMENT PROFILE
- PREMIUM LOCATION & ACCESS WITHIN CUMMINGS RESEARCH PARK
- ABUNDANCE OF AMENITIES
- HIGH CALIBER TENANT COMPOSITION WITH TENURE
- STRONG HISTORICAL OCCUPANCY
- DISCOUNT TO REPLACEMENT
Executive Summary
CBRE, as the exclusive advisor, is pleased to present Discovery Center II & III (the “Property”), a 98% leased, two building office, specialty lab, and high bay portfolio, located in Huntsville, Alabama. The buildings are each three stories, totaling 165,797 square feet. Located in the world renowned Cummings Research Park West–the 2nd largest research park in the US, Discovery Center II & III are home to top tier engineering, defense, and technology companies, including Technology Services Corporation, Trideum Corporation, Sentar, and Pond & Company. The Discovery Center Portfolio has had excellent historical occupancy, averaging 92%+ over the last 10 years. In addition, the portfolio is located in a market that has a superior, well-educated employment base, with the highest number of PhD’s per capita in the country. The location, campus setting, space configuration and quality of the office/specialty lab/high bay space has allowed the portfolio to attract and retain strong tenancy over time. The asset provides an investor the opportunity to purchase a stabilized portfolio at an extremely attractive basis, in a market poised for rent growth with a recession proof, growing, and diversifying economy.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 167,307 SF |
| Number of Properties | 2 | Total Land Area | 27.00 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 167,307 SF |
| Total Land Area | 27.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Discovery Center III
655 Discovery Dr NW, Huntsville, AL 35806 |
Office | 91,307 SF | 1991 | - |
|
Discovery Center II
675 Discovery Dr NW, Huntsville, AL 35806 |
Office | 76,000 SF | 1990 | - |
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Discovery Center II & III
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