Orange County Net Leased Single Tenant
Office Condo
Property Details
Offering Price:
Cap Rate:
Occupancy:
Gross Leasable Area:
Net Operating Income:
Year Built:
Price Per Square Foot:
$1,300,000
4.85%
100%
+/- 2,722 Sq Ft
$63,069
2005
$477.59
Intecore, Inc.
26700 Towne Centre Drive, Lake Forest, CA
Highlights:
Marcus & Millichap is pleased to present an exclusive opportunity to acquire a prime Orange County net-leased office condo in the highly desirable Lake Forest location with the Foothill Ranch Medical Center, also home to Kaiser-Permanente and Optum Care.
Adjacent to Toll Road 241 at the dominant Foothill Ranch intersection of Bake Parkway at Towne Centre Drive, this ± 2,722 square foot first-floor medical office condo at 26700 Towne Centre Dr, Suite #120, is an idyllic setting for employees and patients. The surrounding amenities of the core-plus retail trade area directly across from the Subject Property include a vast array of restaurants and shopping, as well as the dynamic professional and medical office environment surrounding the property which presents an intrinsic ongoing demand for continuous occupancy.
Highlights
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Rare Orange County Single Tenant Net Leased "Core-Plus" Medical Office Condo Investment
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Outstanding Demographics: Average Household Income in the Quarter Mile Radius Exceeds $161,989
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Stunning Location Adjacent to Major Retail Trade Corridor Featuring Vast Array of Dining and Shopping Options
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Fully Leased Investment with Long-Term Tenant: Tenant Has Occupied Since 2005 in this Building, While This Space Was “Built to Suit” for Tenant in 2010
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Excellent Visibility From Toll Road 241
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Featured Corner Property at Most Desirable Foothill Ranch Intersection of Bake Parkway at Towne Centre Drive
