This property is Off-Market

8951 Complex Drive
San Diego, CA 92103 ·

6,795 SF · Industrial For Sale

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Telepacific Communications Single Tenant NNN

Price N/A Commission Split 2%
Building Size 6,795 SF Cap Rate 6.49%
Property Type Industrial Tenancy Single
Property Sub-type
Industrial-Business Park
More...
  • Free Standing Bldg
  • Office Condo
Year Built 1971
Property Use Type Net Lease Investment with 10+ years left on lease Clear Ceiling Height 12 ft.
Listing ID: 17980310 Date Created: 01/14/2013 Last Updated: 01/24/2014

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.

Highlights

  • Long Term Single Tenant NNN Lease (expire in June 30, 2022)
  • No Management and Landlord Obligation
  • 6.49% Actual Cap with 2.5% annual rent increase
  • Leased to one of the fastest growing private company in America
  • Located in one of San Diego Telecom Corridor
  • Hard to Replace asset

Research

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

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