Assignment – Rockwell Collins 2018-12-10T16:22:03+00:00

CEDAR RAPIDS, IA

ROCKWELL COLLINS

  • COST $10.5M
  • CAP RATE 7.78%
  • NOI $815K
  • SQUARE FEET 100,000
  • ACRES 10.91
OFFERING MEMORANDUM

INVESTMENT SUMMARY

The Chetek Group of Marcus and Millichap, as exclusive advisor, is pleased to present the exceptional opportunity to acquire Rockwell Collins (“The Property”); a single tenant 100,000 square-foot Class “A” flex and industrial facility, situated on 10.91-acres of land. The Property is a Mission Critical location where the company researches and advances confidential state of the art developments in many different fields including aeronautics for a myriad of commercial and military clients. Rockwell Collins also conducts a rotory avionics program for the U.S. Government at this location. The Property is located 1-mile away from Rockwell Collins’ 2,560,000 square-foot World Headquarters. Rockwell Collins was built to suit in 2005. Rockwell Collins has just renewed a three-year lease that begins in October of 2018 with 6% rent increase and offers a second option to renew in 2021 with a 6% rent increase.

A major benefit to the investment is the scope of tenant improvements and equipment already vested by the tenant at this location. Rockwell Collins has made serious commitment in dollar improvements at this location further showcasing the intent to stay at this major mid-west hub location for years to come. Rockwell Collins just announced that all of the programs completed at this location will remain in Cedar Rapids indefinately.

INVESTMENT HIGHLIGHTS

The Property is a Mission Critical location where the company researches and advances confidential state of the art developments in many different fields including aeronautics for a myriad of commercial and military clients.

Rockwell Collins has just renewed a three-year lease that begins in October of 2018 with 6% rent increase and offers a second option to renew in 2021 with an additional 6% rent increase.

The Property is located 1-mile away from Rockwell Collins’ 2,560,000 square-foot World Headquarters.

The Cedar Rapids-Iowa City “Technology Corridor” is one of the leading centers in the country for the defense electronics industry; the fastest-growing segment of the metropolitan area economy.

Rockwell Collins has made serious commitment in dollar improvements at this location further showcasing the intent to stay at this major mid-west hub location for years to come Rockwell Collins just announced that all of the programs completed at this location will remain in Cedar Rapids indefinately.

Rockwell Collins has made serious commitment in dollar improvements at this location further showcasing the intent to stay at this major mid-west hub location for years to come.

OFFERING MEMORANDUM