Airport Business Center
Airport Business Center comprises 213,240 rentable square feet of industrial space across a four-building project. As acquisition the multi-tenant project was 100% leased but a known tenant vacancy is expected to occur after the first month of ownership, bringing in-place occupancy down to 93% in August 2022. In addition, the Property includes two vacant, developable land parcels totaling 6.08 acres.
Airport Business Center is leased to a concentration of credit-worthy department of defense tenants and privately held companies that support the defense industry. The investment presents the opportunity to acquire quality industrial product in an up-and-coming market, leased to a credit-backed tenancy.
Year of Construction: 1987/2000
Space: 213,240 SQ FT