Emcore 2700 Systron Dr 103,026 SF Industrial Building Concord, CA 94518 For Sale
INVESTMENT HIGHLIGHTS
- Mission Critical R&D and Advanced Manufacturing Facility
- Industry Leading Technology Provider in Navigation & Inertial Sensing for A&D
- Current NOI $1,074,850 / $10.43 PSF
- + 10 Years Remaining on Absolute NNN Lease with 3.00% Annual Escalations
- 103,026 SF R&D Facility with 353 Parking Spaces Situated on 9.25 Acres
- Below Market Rent with Fair Market Value Renewal and No Landlord Responsibilities
EXECUTIVE SUMMARY
CBRE, Inc., as an exclusive advisor to ownership, is pleased to offer for sale the fee-simple interest in the EMCORE CORORATION R&D and Advanced Manufacturing facility, located at 2700 Systron Drive, Concord, CA (the “Property”). The Property serves as a vertically integrated manufacturing facility for Systron Donner Inertial, Inc. (“Tenant” or “Systron”) and under a long-term, absolute NNN lease guaranteed by EMCORE Corporation (“EMCORE” or the “Company”), a leading technology provider in Navigation and Inertial Sensing for Aerospace & Defense with applications for land, sea, air, and space.
The Property consists of two centrally connected buildings totaling 103,026 square feet. These well-maintained, mission-critical R&D and advanced manufacturing facilities are located in Concord, CA, strategically situated to attract the Bay Area talent necessary to design, develop, and deliver the Company’s portfolio of navigation products. In addition to +10 years of remaining lease term and 3.00% annual escalations, the lease includes two (2), five-year renewal options with fair market value reset. The Tenant’s best-in class capabilities enable them to produce a variety of high-quality products for a diverse customer base.
The Property consists of two centrally connected buildings totaling 103,026 square feet. These well-maintained, mission-critical R&D and advanced manufacturing facilities are located in Concord, CA, strategically situated to attract the Bay Area talent necessary to design, develop, and deliver the Company’s portfolio of navigation products. In addition to +10 years of remaining lease term and 3.00% annual escalations, the lease includes two (2), five-year renewal options with fair market value reset. The Tenant’s best-in class capabilities enable them to produce a variety of high-quality products for a diverse customer base.
PROPERTY FACTS
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 126-192-017-5 | Improvements Assessment | $8,255,955 |
| Land Assessment | $5,897,110 | Total Assessment | $14,153,065 |
