847-444-9254
2700 Systron Dr, Concord, CA for Sale
Manufacturing - FOR SALE
1/23
null | Request Cap Rate

2700 Systron Dr
Concord, CA 94518
South Concord


HIGHLIGHTS

  • Mission Critical R&D and Advanced Manufacturing Facility
  • + 10 Years Remaining on Absolute NNN Lease with 3.00% Annual Escalations
  • Industry Leading Technology Provider in Navigation & Inertial Sensing for A&D
  • 103,026 SF R&D Facility with 353 Parking Spaces Situated on 9.25 Acres
  • Current NOI $1,074,850 / $10.43 PSF
  • Below Market Rent with Fair Market Value Renewal and No Landlord Responsibilities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Emcore

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

353

LAND DETAILS

LAND ACRES

8.25

LAND SF

359,370

ZONING

OBP

APN/PARCEL ID

126-192-017-5

ASK ABOUT THIS PROPERTY

847-444-9254

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847-444-9254

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