Lexington closed on its forward commitment to acquire the 80,000 square foot build-to-suit office property in Eugene, Oregon for approximately $17.6 million (9.0% initial cap rate). The property is net-leased for a 15-year term.Overall in 2012, Lexington completed acquisitions/build-to-suit transactions for an aggregate capitalized cost of approximately $247.0 million. The properties have a weighted-average lease term of approximately 16 years and are expected to generate approximately $24.3 million of annual GAAP rent.
Lexington Realty Trust Reports Fourth Quarter 2012 Results
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