ABB Building

Summary

579 Executive Campus Drive
Westerville, OH 43082
110,600 sq. ft.

August 2015, Hayman Properties purchased a stable, Class A office building with strong cash flow in the Columbus, Ohio market.  This inspiring asset is leased to ABB, Inc., a global leasder in power and automation technologies with more than $40 Billion in annual revenues.  This long-term lease to ABB is a guaranteed NNN lease with 3% annual bumps.  An additional 10% of the building is also a NNN lease with 3% annual bumps, leased to Sogeti, a global company with more than $450 MM of domestic annual revenues.  The immediate cash flow provides 8% annual distributions and is projected to provide an IRR above 17%.