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Office Warehouse

26772 Vista Terrace

26772 Vista Terrace, Lake Forest, CA 92630

Listing Price: $2,650,000

Cap Rate
5.07%
Gross SF
7,240
Price/Gross SF
$366.02
Lot Size
0.10 acres
Year Built
1991
Rentable SF
7,240

Investment Overview

Marcus & Millichap is pleased to present to market 26772 Vista Terrace, a net leased office/warehouse in Lake Forest, California. This offering presents an excellent opportunity for an investor to acquire an upgraded building with immediate access to the 241 Freeway that is slated to become vacant by September 2021 and lease it at market rate. The current tenant is on a net lease and intends to vacate the property by September 15, 2021 and may be agreeable to vacate sooner. At market rate, the building could potentially be leased for $1.45 per square foot per month, an increase from the current lease rate. The building is a 7,240-square foot 1991 construction with 87 percent office space, 13 percent warehouse space, and one drive-in loading door. The office space has been recently remodeled and features a full kitchen, and the building roof was replaced in 2015.

Investment Highlights

  • 7,240-SF Flex Building a Half-Mile From the 241Freeway
  • Building Consists of 87% Office Space and 13% Warehouse With a Ground-Level Loading Door
  • Office Space Includes a Full Kitchen
  • Current Tenant is on a Net Lease and Intends to Vacate in September 2021
  • Great Opportunity for a New Investor to Secure a New Lessee at Market Rate; Building Could Potentially Earn $1.45/SF/Month
  • Roof Was Replaced in 2015

Exclusively Listed By

Listing Price: $2,650,000

Cap Rate
5.07%
Gross SF
7,240
Price/Gross SF
$366.02
Lot Size
0.10 acres
Year Built
1991
Rentable SF
7,240

Investment Highlights

  • 7,240-SF Flex Building a Half-Mile From the 241Freeway
  • Building Consists of 87% Office Space and 13% Warehouse With a Ground-Level Loading Door
  • Office Space Includes a Full Kitchen
  • Current Tenant is on a Net Lease and Intends to Vacate in September 2021
  • Great Opportunity for a New Investor to Secure a New Lessee at Market Rate; Building Could Potentially Earn $1.45/SF/Month
  • Roof Was Replaced in 2015

Investment Overview

Marcus & Millichap is pleased to present to market 26772 Vista Terrace, a net leased office/warehouse in Lake Forest, California. This offering presents an excellent opportunity for an investor to acquire an upgraded building with immediate access to the 241 Freeway that is slated to become vacant by September 2021 and lease it at market rate. The current tenant is on a net lease and intends to vacate the property by September 15, 2021 and may be agreeable to vacate sooner. At market rate, the building could potentially be leased for $1.45 per square foot per month, an increase from the current lease rate. The building is a 7,240-square foot 1991 construction with 87 percent office space, 13 percent warehouse space, and one drive-in loading door. The office space has been recently remodeled and features a full kitchen, and the building roof was replaced in 2015.

Exclusively Listed By

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