NG Expo - Sold

Properties

NG Expo - Sold

Class A, state-of-the-art build-to-suit building with executive suites, general office finishes, data center with raised floor, cafeteria and fitness area. The Property was built-out with Sensitive Compartmentalized Information Facility (“SCIF”) space based on various enhanced security features required by the U.S. government.

Property Details

Address

17455 East Exposition Drive Aurora, CO

MSA

Denver

Property Type

One Office Building

Strategy

Core Plus

Size

104,136 Square Feet

Primary Tenant

Northrop Grumman Systems

Acquired

October 1, 2017

Syndicated

October 27, 2017

Sold

October 10, 2024

Internal Rate of Return (1)

9.72%

Average Annual Return (2)

9.9%

Equity Multiple (3)

1.69x

Photo of Tritower Financial NG Expo property
Photo of Tritower Financial NG Expo property
Photo of Tritower Financial NG Expo property
  1. Internal Rate of Return is a financial metric, representing the average yearly return that takes into account the timevalue of money.
  2. Average Annual Return is the total investor return divided by the number of years in the actual holding period of the investment.
  3. Equity Multiple is a simple ratio showing how much total cash an investor gets back for every dollar they put into an investment over its lifetime by dividing the total cash distributions received by the total equity invested.

Highlights & Amenities

NG Expo is within a quarter-mile of Buckley Air Force Base, which houses a U.S. missile detection/warning system.

Competition in this market is dictated primarily by the distance from Buckley Air Force Base and the nearest available comparable space is located at least 5 miles from the Property’s location.

The Property is a single tenant facility, 100% leased to Northrop Grumman, who has invested approximately $86/square foot in the building and has renewed multiple times since its occupancy in 2002.

Location

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