Total Square Footage: 52,382
Acquired: July 13, 2022
Tenant Name: Matrix Research, Inc.
On July 13, 2022, Royal Oak acquired the flex industrial facility of Matrix Research, Inc. (“Matrix”) located in Beavercreek, Ohio. The property is located in the Dayton metropolitan statistical area. Matrix handpicked the location for its immediate proximity to Wright Patterson Air Force Base and its access to I-75 via I-675 and Route 35. Dayton is located at a crossroads of I-70 and I-75, making the city highly accessible. There was just under 12 years remaining on the absolute net lease at closing.
The property is a build-to-suit 52,382 square foot facility built in 2018 on 9.71 acres. The facility contains a mix of office space, high bay lab space, composite lab & storage space, and Special Access Program Facilities (SAPF) space. The SAPF designation is a Department of Defense security designation with specific construction standards and security requirements to meet military standards. The location was built to serve as the sole location for the Company, which consolidated operations at two separate locations into the space.
Founded in 2007, Matrix is predominantly a defense contractor specializing in the design and testing of radar systems, measurement services, custom data collection systems, advanced signal processing, exploitation systems, radomes, test bodies, and composite structures.