Description

Bang Realty is pleased to exclusively offer for sale the fee-simple interest in the Dynamic Controls office located in Casper, WY (the “Property“ or the “Asset”). The Asset is comprised of 10,000 SF and is 100% occupied by Dynamic Controls Inc. (“DCI” or the “Tenant”), a market leader in building automation and energy solution and subsidiary of Daikin Applied Americas (“DAA” or the “Guarantor”) which generates more than $4 billion in revenue annually. DAA’s parent company, Daikin Industries, is one of Japan’s top 100 companies with more than $30 billion in annual revenue. DCI is subject to a NN lease with more than 5 years of guaranteed remaining term, 3% annual rent growth, and multiple 5-year renewal options. The Asset features a brand-new roof with a 20-year warranty and a new HVAC unit replaced in 2025.

The Wyoming City of Casper is centrally located within the state, allowing for nearby access to major cities such as Salt Lake City, Denver, and Billings. The Tenant opened at this location in 2024 as part of an expansion to the Western region to support its long-term partnership with Schneider Electric, a global leader in energy management, automation, and digitalization. Additionally, Wyoming’s tax-friendly environment has attracted major developments in recent years, particularly in the data center space which is a major consumer base for DCI.

This offering presents a rare opportunity for investors to acquire a high-yielding, low basis real estate asset with annual income growth and strong guarantor credit in a major growth region of the United States.

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Attributes

Building area net

10,000 sf

Occupancy

100%

Year built

1978

Land area gross

0.77 acres

WAULT

5.6 years

Media

Investment highlights

HIGH-YIELD OFFERING WITH ANNUAL INCOME GROWTH

The offering provides future ownership with a year 1 yield of nearly 9% coupled with 3% annual rent growth

STRATEGIC TENANT LOCATION THAT SUPPORTS MAJOR CUSTOMER BASE

The Tenant opened at this location in 2024 as part of a long-term strategic expansion throughout the Western region
The expansion to this site coincided with DCI being named as the official West Region Partner of Schneider Electric, a global leader in energy management, automation, and digitalization
The site serves as an integration site to deliver, monitor, and service systems within the region

MARKET LEADING TENANCY W/ STRONG CREDIT GUARANTOR

Dynamic Controls Inc. (DCI) has been a leader in the building automation and integration space for more than 35 years
Daikin Applied Americas (DAA), the guarantor, is a global provider of HVAC systems for commercial buildings and generates more than $4 billion in annual revenue
DAA’s parent company, Daikin Industries, LTD, is a multinational conglomerate and one of Japan’s top 100 companies by revenue

TAX-FRIENDLY STATE

Wyoming’s “most business- and taxpayer- friendly tax environment” is a significant draw for corporations and individuals considering relocations or new developments
Several major corporations, including Microsoft, Apple, and Meta, have recently expanded their footprints in Wyoming

RECENT CAPEX UPGRADES