Company: KBSR
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001482430-25-000021
Chunk: 201

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 201
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Table of Contents

ITEM 2.      PROPERTIES

As of December 31, 2024, our real estate portfolio was composed of 13 office properties and one mixed-use office/retail property encompassing 6.4 million rentable square feet in the aggregate that were collectively 81% occupied with a weighted-average remaining lease term of 5.6 years.  The following table provides summary information regarding the properties owned by us as of December 31, 2024:

PropertyLocation of PropertyDate AcquiredProperty TypeRentable Square FeetTotal Real Estate at Cost (1) (in thousands)Annualized Base Rent (2) (in thousands)Average Annualized Base Rent per Square Foot (3)Average Remaining Lease Term in Years% of Total AssetsOccupancyTown CenterPlano, TX03/27/2012Office522,043 $143,310 $9,673 $29.47 4.5 4.7 %62.9 %Gateway Tech CenterSalt Lake City, UT05/09/2012Office210,938 37,388 6,274 31.39 4.8 1.3 %94.8 %60 South Sixth Minneapolis, MN01/31/2013Office710,332 115,520 9,884 19.16 6.9 6.2 %72.6 %Sterling PlazaDallas, TX06/19/2013Office313,609 97,086 7,687 26.81 4.7 3.3 %91.4 %Accenture TowerChicago, IL12/16/2013Office1,457,724 575,455 38,988 28.72 7.2 21.4 %93.1 %Ten AlmadenSan Jose, CA12/05/2014Office309,255 131,599 8,114 50.44 2.4 4.7 %52.0 %Towers at EmeryvilleEmeryville, CA12/23/2014Office593,484 223,697 17,597 51.56 3.3 8.2 %57.5 %3003 Washington BoulevardArlington, VA12/30/2014Office211,054 154,814 11,804 61.29 8.5 5