Every office on Tech Ridge is priced the same way: the lease simply carries the building’s financing, and Tech Ridge contributes the land. Choose the quality of building you want to occupy — the rate follows from the cost to build it, nothing more.
Land is priced per square foot of the building you put on it — not the dirt. A five-story building with 20,000 sf floors is 100,000 sf, so a standard site runs $8.0M. Prefer to lease? Tech Ridge contributes the land entirely.
Why the entry price is the bargain. At a 6-cap, a finished building appraises for far more than it costs to construct — and that difference is land value.
Once your building is standing, the ground under it is worth $227–$453 per building foot. You bought in at $80–$100.
Nothing hidden. Each lease rate is sized so the rent carries a loan for 100% of construction cost with 1.30× coverage to spare.
| Building | Lease rate · NNN | Loan carried | Annual payment | Value at a 6-cap | Land value once built |
|---|