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$24,100,000
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| | Building S.F. | 215,247 | |
| | Rentable S.F. | 215,247 | |
| | Market | Southwest Ohio - Dayton | |
| | Sub Market | Fairborn/Riverside | |
| | No. of Buildings | 3 | |
| | Building Class | A | |
| | Location Class | A | |
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5000, 5100, 5200 Springfield Street Riverside, OH 45431
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Property Description
Sperry Van Ness has been retained as the exclusive agent to offer for sale Wright Point Office Park in Riverside Ohio, home to the diverse and complex Wright Patterson Air Force Base (WPAFB). This “trophy” campus presents a stabilized investment opportunity with a highly coveted location directly across from the state-of-the-art WPAFB. Wright Point Office Park offers the investor the rare opportunity to acquire Class “A” office, housing tenants who serve the world’s largest air base. The subject property consists of 3 buildings built in 2006, 1986 and 1984 for a total of 215,247 square feet. Wright Point offers the investor a prime opportunity to purchase a value added Class "A" property at a time when construction of $300,000,000 is scheduled to begin in 2008 for WPAFB expansion and will be complete in 2011.
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Location Description
Wright Point is located in the Dayton East submarket in the Cty of Riverside.The East
continues to be the strongest office market with significant developments.Growth and activity is centered around the Wright Patterson Air Force Base (WPAFB) which is located directly East of Wright Point. WPAFB is the world’s largest air base & the largest, most diverse and complex base in the Air Force. WPAFB was positively impacted by BRAC (Base Realignment & Closure) when bases around the country were shut down and consolidated into WPAFB. WPAFB is also famous for the housing of extraterrestrial beings which landed in Roswell, New Mexico in the 1940’s. Daily missions revolve around defense related activities. It has a workforce of approximately 22,000, making it the 5TH largest employer in Ohio and the largest employer at a single location.Nearly 11,000 work in Area "B" less than 1 mile from Wright Point.Current tenants at Wright Point work directly or indirectly with the day to day research and development at WPAFB.
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