Avid Bioservices, Advantage Sales & Marketing, GPA Consultants NNN Property For Sale — Tustin, CA
2642 Michelle Drive, Tustin, CA 92780
This offering presents a rare opportunity to acquire a 100% triple-net leased creative office building in Tustin, California. The property comprises 50,832 rentable square feet and is strategically located. It boasts recent upgrades totaling $2.7 million, enhancing its curb appeal, interior finishes, and overall modernity. The property is fully occupied by three tenants, providing a secure and growing income stream with a weighted average lease term of 3.88 years. The Tustin location offers a dynamic environment with access to extensive retail, entertainment, and service amenities, making it highly desirable for tenants seeking a vibrant work-life balance. No leases expire until 2022, and fixed annual rental increases, along with tenant options to extend, contribute to the stable and attr…
- Address: 2642 Michelle Drive, Tustin, CA 92780
- Asking price $19.10M
- 5.75% cap rate
- NOI $1.09M
- 3.88 years remaining
- NNN lease
- Year built: 1980
- Building size: 50,832 SF
- Lot size: 2.81 acres
- Guarantor: Corporate
Location
This Avid Bioservices, Advantage Sales & Marketing, GPA Consultants property is at 2642 Michelle Drive in Tustin, California.
Asset type: Creative Office