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Single-Tenant Office

Intecore, Inc.: Net Leased Office Condo

26700 Towne Centre Dr, Lake Forest, CA 92610

Listing Price: $1,300,000

Cap Rate
4.85%
Tenant Name
Intecore, Inc.
Years Remaining On Lease
4.2
Gross SF
2,722
Guarantor
Corporate Guarantee
Rentable SF
2,722
Price/Gross SF
$477.59
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.17

Investment Overview

Marcus & Millichap is pleased to present an exclusive investment opportunity to acquire a prime Orange County net-leased offi ce condo in the highly desirable Lake Forest location within the Foothill Ranch Medical Center. Adjacent to Toll Road 241 at the dominant Foothill Ranch intersection of Bake Parkway at Towne Centre Drive, this ± 2,722 square foot fi rst-fl oor medical offi ce 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 offi ce 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 off ering 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 the reimbursement for property management expense.

Investment Highlights

  • Rare Orange County "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
  • Excellent Visibility From Toll Road 241
  • Featured Corner Property at Most Desirable Foothill Ranch Intersection of Bake Parkway at Towne Centre Drive
  • Current Lease Term Expires in June 2027

Exclusively Listed By

Broker of Record

  • Jonathan Giannola

    Vice President/Regional Manager

    (949) 419-3200

    License(s) CA: 01315359

    California

Financing By

Single-Tenant Office

Intecore, Inc.: Net Leased Office Condo

Listing Price: $1,300,000

Cap Rate
4.85%
Tenant Name
Intecore, Inc.
Years Remaining On Lease
4.2
Gross SF
2,722
Guarantor
Corporate Guarantee
Rentable SF
2,722
Price/Gross SF
$477.59
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.17

Investment Highlights

  • Rare Orange County "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
  • Excellent Visibility From Toll Road 241
  • Featured Corner Property at Most Desirable Foothill Ranch Intersection of Bake Parkway at Towne Centre Drive
  • Current Lease Term Expires in June 2027

Investment Overview

Marcus & Millichap is pleased to present an exclusive investment opportunity to acquire a prime Orange County net-leased offi ce condo in the highly desirable Lake Forest location within the Foothill Ranch Medical Center. Adjacent to Toll Road 241 at the dominant Foothill Ranch intersection of Bake Parkway at Towne Centre Drive, this ± 2,722 square foot fi rst-fl oor medical offi ce 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 offi ce 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 off ering 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 the reimbursement for property management expense.

Exclusively Listed By

Broker of Record

  • Jonathan Giannola

    Vice President/Regional Manager

    (949) 419-3200

    License(s): CA: 01315359

    California

Financing By

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