Skip to content
Unico Properties
  • Company
    Company
    • About Us
    • People
    • Careers
    • News
    • ESG
    Company

    Unico Properties is a private real estate firm offering people-focused, results-driven investment, development, management, and sustainability services in emerging markets across the United States.

    Read More

    Have a question?     Contact Us

  • Investment
    Investment
    • Approach
    • Investment Services
    • Funds
    • Investor Portal
    Investment

    From sourcing opportunities to initial underwriting, through ownership, to the final sale, Unico has the teams, tools and ideas to maximize value for each and every asset we own, manage, develop, or invest in.

    Read More

    Have a question?     Contact Us

  • Services
    Real Estate Services
    • Development
    • Property Management
    • Sustainability
    • Solar
    Tenant Services
    • Tenant Experience
    • Find My Property
    • Tenant Portal

    Have a question?     Contact Us

  • Portfolio
    Properties

    Unico owns and manages nearly 18 million square feet of office, multifamily, and mixed-use property across the United States, with more than a million square feet under development as well.

    View Properties

    Funds

    In the last 20 years, Unico has raised dozens of investment vehicles, including two discretionary institutional funds, four private high net worth funds, and numerous joint ventures.

    View Funds

    Have a question?     Contact Us

  • Case Studies
  • Contact
  • Investors Portal

Case Studies

Real estate investment case study: FAA Building sustainability

Unico partnered with MacDonald-Miller Facility Solutions and performed a building-wide investment grade energy audit to identify major deficiencies in building systems and facility improvement strategies.

Net profit from facility improvements reached $1.01M including $99,000 in cash savings recovered before sale

 

Built in 1990, the FAA Building is a Class-A, 200,000 square foot institutional office building fully leased to the Federal Aviation Administration.

In 2008, two years prior to the expiry of FAA’s lease, the asset was experiencing rising energy consumption, with expenditures reaching $2.19 per square foot. The asset had received an ENERGY STAR score of only 65, and the antiquated building systems and limited controls inhibited optimal performance.

The FAA Building, a Class A institutional office building, managed by Unico, a private equity real estate investment firm.

Unico’s work reduced energy consumption, resulting in annual energy savings of $115,000

More Sustainability Stories


 

Exterior shot of the FAA Building and signage, managed by Unico, a private equity firm, fully leased to the Federal Aviation Administration
The FAA Building, fully leased to the Federal Aviation Administration.

In 2008, Unico partnered with MacDonald-Miller Facility Solutions and performed a building-wide investment grade energy audit to identify major deficiencies in building systems and facility improvement strategies. The audit attributed the asset’s excessive energy consumption to a lack of fan control and failing interior zones. Based on these findings, Unico’s engineering team replaced pneumatic zone controls and corrected zoning issues, and installed variable frequency drive (VFD) controls on rooftop fan units and new energy controls to optimize operating schedules.

Unico’s system enhancements resulted in an elevated ENERGY STAR rating of 95, and a LEED Gold certification. By 2011, the asset experienced a significant reduction in energy consumption resulting in annual energy savings of $115,000, and a residual value from energy savings of $1.17M. The net profit from the facility improvements reached $1.01M including $99,000 in cash savings recovered before sale. Additionally, the predicted payback period was reduced from 6.6 years to 2.3 years, and the actual savings surpassed the pro forma estimate by $75,000. Before sale, the single tenant, FAA, renewed their lease through 2015.

Investment Highlights

  • ENERGY STAR rating rose from 65 to 95
  • Awarded LEED Gold certification
  • Predicted payback period reduced from 6.6 years to 2.3 years, and actual savings surpassed the pro forma estimate by $75,000

Download PDF

Services Provided

  • Sustainability

Share this Case Study

  • Email
  • Print
  • LinkedIn
Unico Properties

1215 Fourth Avenue, Suite 600
Seattle, Washington 98161

(206) 628-5050

  • LinkedIn
  • Facebook
  • Instagram
  • Twitter
  • About Unico
    • Company Overview
    • Careers
    • ESG
    • News
    • Our Properties
    • Case Studies
  • Investment
    • Investment Services
    • Approach
    • Funds
    • Investor Portal
  • Real Estate Services
    • Development
    • Property Management
    • Sustainability
    • Solar
  • Tenant Services
    • Tenant Experience
    • Find My Property
    • Tenant Portal

Copyright 2023 Unico Properties

  • Terms of Service
  • Privacy Policy
  • TIC MRF Compliance
Unico Properties
  • Company
    • About Us
    • People
    • Careers
    • News
    • ESG
  • Investment
    • Approach
    • Investment Services
    • Funds
    • Investor Portal
  • Services
    • Real Estate Services
      • Development
      • Property Management
      • Sustainability
      • Solar
    • Tenant Services
      • Tenant Experience
      • Find My Property
      • Tenant Portal
  • Portfolio
    • Portfolio
    • Funds
  • Case Studies
  • Investor Portal
Contact Us

‹ › ×