Property details

Campus Property, Pacific West Region

Property Description

Absolute NNN Lease

Desirable (Interest Only) debt to be assumed

~$255 million in sales revenue generated at this location

Thomson (parent co.) S&P Rating: BBB- / $4 billion market cap

Below market rent

Employees have long term roots in this region which began in 1955

The region has evolved into a technology hub

The tenant alone has spun off an estimated 30 technology firms in the region

Adjacent to a Tech Center

Avg. household income in 2006 was $69,655 (28% above the state average)

Entitled 5-acre parcel is also available for sale (50,000SF buildable)

The Campus consists of three (3) two (2) story buildings which provide a mix of executive offices, manufacturing, distribution/warehouse, and research and development totaling 150,360 square feet on 60 acres, and is 100% occupied a wholly owned subsidiary of a NYSE company. This offering provides an investor the unique opportunity of owning a single tenant California property with a robust cash-on-cash return, the safety of a long term lease to a tenant whose employee base is entrenched in the area, as well as future rental upside.

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Highlights

Status:
Available
Price:
$18,000,000
PSF:
$120
Cap Rate:
6.67%
Annual Rent:
$1,200,000
Rent Increases:
None
 

Property Information

Building Size:
150,360 sq.ft.
Property Type:
Net Lease
Industry Type:
Miscellaneous
Units/Spaces:
1
Year Built:
1988
Land Area:
60.00 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Inquire
Lease Type:
NNN
Lease Commencement:
8/1/1999
Lease Expiration:
8/31/2017
Lease Term:
18 years
Years Remaining:
8 years
Landlord Responsibilities:
None
Options:
Two-5 year options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.