Property History
Marcus & Millichap is pleased to present an exclusive opportunity to acquire a prime Orange County net-leased office condo in the highly desirable Lake Forest location within the Foothill Ranch Medical Center, also home to Kaiser-Permanente and Optum Care.
Adjacent to Toll Road 241 at the dominant Foothill Ranch intersection of Bake Parkway at Towne Centre Drive, this ± 2,722 square foot first-floor medical office condo at 26700 Towne Centre Dr, Suite #120, is an idyllic setting for employees and patients. The surrounding amenities of the core-plus retail trade area directly across from the Subject Property include a vast array of restaurants and shopping, as well as the dynamic professional and medical office environment surrounding the property which presents an intrinsic ongoing demand for continuous occupancy. The prime location within the heart of Orange County makes for a perfect destination for real estate investors looking to tap into the thriving Southern California market.
Intecore, Inc. is a multi-unit operator of Intecore Physical Therapy with four locations in Southern California. This is a true Triple Net (NNN) leased offering where the Tenant pays for all expenses, allowing an investor true ease of management. The tenant is responsible for reimbursement of all operating expenses, including repair and replacement of Common Area improvements and equipment as well as capital improvements. Operating expenses primarily consist of monthly HOA dues, property taxes and insurance, as well as reimbursement for property management expense.
Rare Orange County Single Tenant Net Leased "Core-Plus" Medical Office Condo Investment
Outstanding Demographics: Average Household Income in the Quarter Mile Radius Exceeds $161,989
Stunning Location Adjacent to Major Retail Trade Corridor Featuring Vast Array of Dining and Shopping Options
Fully Leased Investment with Long-Term Tenant: Tenant Has Occupied Since 2005 in this Building, While This Space Was “Built to Suit” for Tenant in 2010
Current Lease Term Expires in June 2027
Excellent Visibility From Toll Road 241
Featured Corner Property at Most Desirable Foothill Ranch Intersection of Bake Parkway at Towne Centre Drive
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