Net profit from facility improvements reached $1.01M including $99,000 in cash savings recovered before sale
Built in 1990, the FAA Building is a Class-A, 200,000 square foot institutional office building fully leased to the Federal Aviation Administration.
In 2008, two years prior to the expiry of FAA’s lease, the asset was experiencing rising energy consumption, with expenditures reaching $2.19 per square foot. The asset had received an ENERGY STAR score of only 65, and the antiquated building systems and limited controls inhibited optimal performance.
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