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1900 Wright Pl
Carlsbad, CA 92008
Trumpcard Office Building · Office Property For Sale
Investment Highlights
- Corporate Guaranteed | 3% Annual Increases | Options to Extend
- Palomar Airport Business Park | I-5 (217K+ VPD) Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Premier San Diego Office Market | Affluent Coastal Demographics
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, corporate guaranteed, single tenant office building investment property located in Carlsbad, California (San Diego). The tenant, TrumpCard Holdings LLC, has over 4 years remaining on its lease with 2 (3-year) options to extend. The lease features 3% annual rental increases throughout the initial term and Fair Market Value (FMV) increases during each option period, providing a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment
Property Type
Building Size
34,423 SF
Building Class
B
Year Built/Renovated
2001/2023
Price
$17,303,000
Price Per SF
$502.66
Cap Rate
6%
NOI
$1,038,172
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
16,590 SF
Building FAR
0.25
Lot Size
3.13 AC
Zoning
PM, Planned Industrial - Planned Industrial
Parking
132 Spaces (3.83 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
- Courtyard
- Fitness Center
- Pond
- Balcony
Property Taxes
| Parcel Number | 212-091-25 | Improvements Assessment | $5,966,190 |
| Land Assessment | $3,714,228 | Total Assessment | $9,680,418 |
Property Taxes
Parcel Number
212-091-25
Land Assessment
$3,714,228
Improvements Assessment
$5,966,190
Total Assessment
$9,680,418
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