100% LEASED NNN INDUSTRIAL OPPORTUNITY WITH ATTRACTIVE UPSIDE
* Attractive Industrial Offering | This is an attractive investment opportunity in one of the safest real estate markets in the county. The asset is in Orange County’s technology/manufacturing cluster, near SR-57/SR-91 Freeways with abundant surrounding amenities and investment upside.
* Ease of Ownership | The NNN leases provide ease of ownership and security from owning in one of the top industrial markets in the U.S.
* Stable Rent Roll with Income Growth | The 100%-leased rent roll provides an attractive inflation-protected income stream with annual increases.
* Ground Lease Summary | The remaining term of the current ground lease provides a significant investment runway while allowing new ownership the option to depreciate the full purchase price.
STRATEGIC NORTH ORANGE COUNTY LOCATION WITH ABUNDANT AMENITIES
* High Desirable Location | Well-known as one of California’s most desirable places to live and work, Orange County offers a highly educated labor pool and proximity to several award-winning universities, as well as unparalleled amenities for corporate tenants and residents.
* Strategic Access | Brea, sitting at the northern edge of Orange County, offers a strategic location that borders Los Angeles and the Inland Empire. This location within the LA Basin, with more than 13 million people and a $1 trillion economy, provides an intrinsic value that is immeasurable.
* Multi-Modal Transportation Infrastructures | The property’s location is exceptionally served by a multimodal transportation network that includes direct access to three major freeways (SR-57, I-5, and SR-91), nearby Metrolink stations, John Wayne Airport and seaports. Property enjoys one of the most direct routes to Los Angeles and Riverside Counties.
EXCEPTIONAL MARKET FUNDAMENTALS
* Top Investment Market | Orange County is the top investment market in the Americas in 2023 among investors, reflecting the county’s strong absorption, low vacancy and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
* Tight Market Fundamentals | Orange County has one of the tightest industrial markets in the country, with a vacancy of 2.1% in 2Q24 (2.0% vacancy in North Orange County). Investors and tenants entering the Orange County industrial market face an incredible challenge, with limited options despite growing demand.