This premium, 40,000-square foot office/R+D building in Yorba Linda is one of the market’s best buys. Offered at $4,649,000, the building is value priced at $116 per square foot, a fraction of replacement cost.
Priced at an actual 8.5% cap rate, the tenant is rock solid and an investor can enjoy NNN rent through December 31, 2014. At or near the end of the term, an investor should be able to sell to a user at a premium after the market rebounds.
In addition to offering a prime, high-visibility location within the Savi Ranch business district, this attractive property presents an ideal opportunity for a pure investor to secure a premium asset at market bottom. You’ll also enjoy stone’s-throw proximity to an abundant array of amenities and the 91 Freeway.
Highlights
Premium 40,000-sf office/R&D building ideal for corporate headquarters
Asking price of $4,649,000 ($116/sf) – a fraction of replacement cost
Rock-solid NNN master tenant leased through 12/2014 (8.5% cap rate)
Prime opportunity for a pure investor to ride out market downturn
Selected Property
22700 Savi Ranch
22700 Savi Ranch Parkway, Yorba Linda California 92887
Description
This premium, 40,000-square foot office/R+D building in Yorba Linda is one of the market’s best buys. Offered at $4,649,000, the building is value priced at $116 per square foot, a fraction of replacement cost.
Priced at an actual 8.5% cap rate, the tenant is rock solid and an investor can enjoy NNN rent through December 31, 2014. At or near the end of the term, an investor should be able to sell to a user at a premium after the market rebounds.
In addition to offering a prime, high-visibility location within the Savi Ranch business district, this attractive property presents an ideal opportunity for a pure investor to secure a premium asset at market bottom. You’ll also enjoy stone’s-throw proximity to an abundant array of amenities and the 91 Freeway.
Highlights