Listed by SRS Real Estate Partners Newport Beach
$17,303,000
TrumpCard Office Building
Details
APN 212-091-25-00
Property Type Office
Sub Type Corporate Office
Square Footage 34,423
Cap Rate 6%
NOI $1,038,172
Tenancy Single
Lease Type Absolute NNN
Lease Term 7
Lease Expiration 12/01/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options 2 (3-year) options to extend
Year Built 2001
Year Renovated 2023
Stories 2
Acreage 3.130
Zoning P-M, Planned Industrial
Parking Spaces 132 spaces
Parking Per SqFt 3.83
Investment Type Net Lease
Lease Commencement 12/01/2023
Ownership Fee Simple (Land & Building Ownership)
Office | 6.00% CAP | 34,423 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, corporate guaranteed, single tenant office building investment property located in Carlsbad, California (San Diego). The tenant, TrumpCard Holdings LLC, has over 4 years remaining on its lease with 2 (3-year) options to extend. The lease features 3% annual rental increases throughout the initial term and Fair Market Value (FMV) increases during each option period, providing a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Investment highlights
- Corporate Guaranteed | 3% Annual Increases | Options to Extend
- The tenant, TrumpCard Holdings LLC, has over 4 years remaining on its lease with 2 (3-year) options to extend
- The lease features 3% annual rental increases throughout the initial term and Fair Market Value increases during each option period
- Subsidiary of Imperative Logistics Group, an asset-light North American premium transportation and international freight forwarding platform
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,038,172.00
$86,514.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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