Mitre - NNN - Fairborn, OH 7.5% CAP

Highlights

• NNN Lease
• SCIF Building
• Building Constructed in 2013
• Mitre Corporation
• Operates FFRDCs
• 2% Annual Increases

Description

Opportunity to acquire Class A office property in a highly sought-after sub-market. Surrounding business uses are comprised of financial, education, law, and medical. Tenant has exercised its 3rd - 5/yr renewal option. Lease expiration date is March 31, 2031 - approximately 5yrs & 11mos remaining on the lease term. Tenant has 1 - 5/yr renewal option. All operating expenses are reimbursed by the tenant. CAM is at $15.36/sf. Base rent escalation is 2.00% annually. Building was re-painted and the parking lot was resurfaced in 2023. Mitre has the ROFR on the adjacent land parcel for future expansion.

Building was constructed as a "SCIF". Compartmented Information Facility (SCIF) is a secure building. SCIFs are built to strict standards to protect sensitive information from unauthorized access and electronic surveillance. SCIFs are used to store, discuss, and process Sensitive Compartmented Information (SCI), which is derived from intelligence-gathering and classified research and development. SCIFs are built to strict standards that include physical security, acoustic security, visual controls, access control systems, intrusion detection systems, and emanation (TEMPEST) security. SCIFs must be built to the most current version of the IC Tech Spec for ICD/ICS 705, which is typically revised every few years.

As a not-for-profit organization, MITRE works in the public interest across federal, state and local governments, as well as industry and academia. We bring innovative ideas into existence in areas as varied as artificial intelligence, intuitive data science, quantum information science, health informatics, space security, policy and economic expertise, trustworthy autonomy, cyber threat sharing, and cyber resilience.

Located in the Fariborn/Beaver Creek office submarket. Home of the Wight-Patterson Air Force Base, Ohio's largest single site employer and the leader driver in the region. Dayton has a rich historical and economic backdrop, well-positioned for growth. It's known for its role in aerospace, innovation, and manufacturing, which provides opportunities for real estate development, particularly in urban revitalization and mixed-use developments. Dayton is strategically located near major metropolitan hubs like Cincinnati and Columbus, making it a prime area for both commercial and residential development.

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