Current Offerings — Foothill Corporate Centre I

Foothill Corporate Centre I

A Rare, Institutional-Quality DST
Office Building Located in South Orange County

Trophy, Orange County Building
With Rental Upside


± 83,218 Rentable Square Feet

Diversified Tenant Roster: 85% Occupied

Management-Free Investment Opportunity

Located in the Master-Planned Community of Foothill Ranch

Monthly Cash Flow: 6.00% (Projected, Year 1)1

Minimum Investment: $250,000

Foothill Corporate Centre I — 27042 Towne Centre Drive • Foothill Ranch, California 92610


Kingsbarn Real Estate Capital is pleased to present the opportunity to acquire a rare, institutional-quality, multi-tenant office building containing ±83,218 rentable square feet located in the master-planned community of Foothill Ranch. The property is currently 85% leased to seven tenants with well-staggered lease expirations.

The Property is a Class A office building featuring an abundant total surface parking ratio (approximately 4.0/1,000 RSF), that underwent a $2.2-million capital campaign in 2015 which included the addition of a state-of-the-art conference center and tenant lounge, new landscaping and hardscape. Office buildings of this scale and quality rarely come to market, especially in the highly sought-after South Orange County submarket.

FINANCIAL SUMMARY

Offering Price:

$25,000,000

Loan Amount:

$12,500,000

Equity Offering:

$12,500,000

Projected Cash Flow (Year 1)1:

6.00%

Minimum Investment:

$250,000

INVESTMENT HIGHLIGHTS

6.00% Projected Cash Flow (Year 1)1

Well-Staggered Lease Expirations

No Loan Liability to DST Investors

Flexible Equity Investments Starting at $250,000

Passive Income, Freedom from Property Management

1031 Exchange Eligible

The Property offers a strong, secure and growing income stream well into the future with fixed annual rental increases and nearly 75% of the rental stream not expiring until 2022 or beyond. 27042 Towne Centre has a favorable weighted average lease term of approximately 7.0 years remaining. Further upside can be achieved by the lease-up of the remaining vacancy of 16,936 square feet.

The Property is valued below the estimated replacement cost of $425 per square foot and at a discount to peak market sale comparables.



Foothill Corporate Centre I Major Tenants



Orange County Market Overview

Orange County continues to benefit from a well-diversified economy, high-quality labor force, direct access to major airports and other public transportation, and strategic location on the Pacific Rim. The vibrant economy, along with the area’s tremendous residential desirability, access to high-quality education and recreation, and its cultural base, provide an excellent location for commercial properties.

Major employers in Orange County Include Disney, UCI Medical Center, St. Joseph Health, Kaiser Permanente & Boeing.

 

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All investment transactions are handled and cleared through First American Title Company, National Commercial Group.

Contact us about this investment opportunity at 424.343.9000


Jeff Farnsworth

Regional VP,
San Francisco

Office: 415.879.9000
Cell: 801.702.7887
E-mail Jeff

Rob Boese

Regional VP,
Los Angeles

Office: 424.343.9000
Cell: 323.627.1902
E-mail Rob

Joe Ingrin

Regional VP,
Inland Empire

Cell: 909.268.1017
E-mail Joe


Matt McQueen

Regional VP,
Orange County

Office: 949.301.9000
Cell: 714.773.2473
E-mail Matt

Steve Prescott

Regional VP,
San Diego

Office: 858.240.9000
Cell: 619.300.6945
E-mail Steve

Our Lenders Include:

Sabal Capital Partners
asset management firm focused on commercial real estate credit
Innovative financing solutions for real estate capital markets
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