Leased Office/Warehouse offered at 8.34% Cap Rate

View Sale Brochure: https://buildout.com/sharing/leased-officewarehouse-offered-at-834-cap-rate-188-technology-lane-gray?file=4038999

Now available for lease, 188 Technology Ln offers a ±8,750 SF office / warehouse that is currently occupied by Pharos Marine Automatic Power Inc. on a new 5-year absolute NNN lease starting Jan 1, 2026.

Pharos Marine Automatic Power is a leading global manufacturer and supplier of marine navigation aids and offshore lighting systems. The company designs and produces high-quality beacons, lanterns, buoys, and control systems that ensure safe navigation for vessels and offshore installations around the world.

The building is fully climate-controlled and features ±16’ clear height, heavy power, a grade-level door, and ample parking.

Located just ±2 minutes from US 90, the property provides excellent regional connectivity.

Tenant pays $6,950/month with 1% annual increases. One 5-Year Option is available at a 2.5% increase, then 1% annual increases to follow. At a 8.34% cap rate, the property provides a stabilized cash flow income.

• Occupied by Pharos Marine Automatic Power Inc.
• Tenant is on a new 5-year absolute NNN lease
• Climate controlled, ±16’ clear height, heavy power, grade-level door, and ample parking
• ±2 minutes from US 90