Telepacific Communication Single Tenant NNN

8951 Complex Drive, San Diego, CA 92103

$2,900,000

6,795 SF | Industrial

Industrial Property For Sale

Price:
$2,900,000
Building Size:
6,795 SF
Price/SF:
$426.78
Property Type:
Industrial
Property Sub-type:
Industrial-Business Park
Additional Sub-types:
Office-Business Park
Office Condo
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
7.33%
No. Stories:
1
Tenancy:
Single
Clear Ceiling Height:
12 ft.
Listing ID
18407599
Last Updated
14 days ago

Find Out More...

Highlights

  • 7.3% Actual Cap with 2.5% annual rent increase
  • Long Term Single Tenant NNN Lease (expire in June 30, 2022)
  • No Management and Landlord Obligation
  • Leased to one of the fastest growing private company in America
  • Located in one of San Diego Telecom Corridor
  • Hard to Replace asset

Description

The Offering is a single tenant NNN industrial condo long-term leased to Telepacific Communication, Inc. as a switching station. The property totals approximately 6,795 square feet in the 155,000 square foot Complex Business Park along one of San Diego Telecom Corridor. The lease will expire in June 30, 2022 with 2 (5 year) options. The lease contain a 2.5% annual increase including the option period.

The property is conveniently located just off Highway 163 at Clairemont Mesa Blvd and Complex Drive, it has immediate access to Highway 163 and 52 and is minute away from I-15 and I-805.

Commercial property information by LoopNet

Map of 8951 Complex Drive, San Diego, CA 92103 (San Diego County)

Contact Listing Broker to find out more details.

Presented by

Cushman & Wakefield

Request additional information

Contact Listing Broker
Fouy Ly (949) 474-4004

Fouy's Other Listings

Share this listing
Send to Friend
Link to This Listing

Link

Copy the link above and share via email or IM.
Embed This on Your Web Site
Share on social networks
Additional options
Print Listing
View Map
Demographics