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Telepacific Communications Single Tenant NNN

8951 Complex Drive, San Diego, CA 92103

N/A

6,795 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
6,795 SF
Property Type:
Industrial
Property Sub-type:
Industrial-Business Park
Additional Sub-types:
Free Standing Bldg
Office Condo
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
2%
Cap Rate:
6.49%
Tenancy:
Single
Year Built:
1971
Clear Ceiling Height:
12 ft.
Listing ID
17980310
Last Updated
over 1 year ago

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

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.

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

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