Industrial & Logistics

17475 Gillette-HFF-121847

17475 Gillette Ave Irvine, California United States 92614-5633
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1968
Building Area Net
Occupancy 100.0 %
Call for Offers

Asset Description

  • Address: 17475 Gillette Avenue & 1562 Reynolds Avenue, Irvine, CA 92614
  • Building Size: 64,806 RSF
  • Lot Size: 3 Acres (130,680 SF)
  • Year Built: 1980 & 1968
  • Loading Doors: 5 Ground Level
  • Clear Heights: 18’ – 24’
  • Parking Ratio: 2.19/1,000 RSF

Investment Highlights

  • ​100% leased triple net investment offering strong going-in yield, durable cash flow and minimal management needed.​
  • ​Industrial/Flex building situated in one of the best industrial markets in the entire country boasting an extremely low 2.0% vacancy rate.​
  • ​Near-term upside as 27.7% of the rent roll expires in the first 2 years allowing an investor or user to occupy the space, backfill with a creative office tenant at a longer lease term or convert to industrial space.
  • Long term covered land play as an investor can redevelop the property into an approximately 65,000–70,000 SF Class A industrial facility (32' clear heights) in the future after in-place leases expire.
Last Updated Date: 31 Mar 2022

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Last Updated Date: 31 Mar 2022

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