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26700 TOWNE CENTRE DR #170B FOOTHILL RANCH Lake Forest CA 92610

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Details
Property Type Office
Sub Type Medical Office
Building SqFt 2,722
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Year Built 2005
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Days on Market ******
Latitude 33.6745
Longitude -117.6638

Property History

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Property Type
Property Type
Office
Property Subtype
Medical Office
Asking Details
Asking Cap Rate
******
Marketing Description

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.

Investment Highlights
  • 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

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
CB
Candace Bare PRO
•••.•••.7125
•••••••.Bare@•••••••••••••••.com
Brokerage logo
Sold on
 BY:
AC
Adam Christofferson
•••.•••.2250
••••.••••••••••rson@•••••••••••••••.com
Brokerage logo

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