PRICE REDUCTION! Pacific Performance Engineering
Marcus and Millichap is pleased to present this absolute NNN sale leaseback investment opportunity located in the prominent city of Fullerton, California. Adjacent to the highly congested CA 57 North and South Bound Freeway, the building experiences and is highly visible to more than 200,000 cars per day. With credit tenant retail stores surrounding, the property is also within walking distance to California State University of Fullerton, Hope International University, and several apartment complexes.
The subject property consists of approximately 12,000 rentable square feet on a 17,481 square feet lot. Pacific Performance Engineering (PPE) is the current tenant and has been occupying the subject property since 1994 with approximately 1.5 years remaining on the initial lease (1 one-year option to extend). With over 22 years of operations at this location, PPE has renovated and improved the property throughout the years with recent improvements including:
-High Density Roof Insulation (2014)
-Concrete Rebared Crack Resistant Parking Lot (2013)
-New Circuit Panels and A/C Systems
-Leviton Security System
-Energy-Efficient Insulated Windows
Pacific Performance Engineering (PPE) is an advance auto part manufacturing company that has been leading the way in electronic high performance diesel technologies for Chevy, Ford and Dodge. Founded in 1985 as a Diesel performance facility, they quickly found new ways to improve upon the factory platforms. PPE currently holds the Guinness World Record for the fastest speed towing a trailer at approximately 142 mph.
