SINGLE TENANT ABSOLUTE NET LEASED INVESTMENT LOCATED IN AN OPPORTUNITY ZONE

Single Tenant Absolute NNN Leased Investment Offering
1.5% Fee to Procuring Broker

2700 Systron Drive is a two-building, ±103,026 SF, High-Tech, R&D Facility occupied by Emcore Corporation. Emcore Corporation is the leading independent provider of advanced inertial navigation products serving aerospace & defense and commercial and industrial markets. Emcore is a Credit Tenant with four facilities across the United States. Emcore occupies 100% of the 2- Building Facility and has 11 years remaining on its current lease, with two (2) Options to Extend at Fair Market Value.

$17.5M

ASKING PRICE

5.96%

CAP RATE

100%

LEASED



No Landlord Responsibilities

Emcore Corporation leases 100% of the Subject Property under an Absolute NNN lease. Tenant pays its rent on or prior to the first of the month via ACH.

Long Term Stability and Low Risk

Emcore Corporation has 11 years remaining on its current term plus two (2) 5-year options to extend.

Located in an Opportunity Zone

A Buyer will benefit from the Subject Property being located in an Opportunity Zone.


Corporate Guaranty

Emcore is a credit tenant with four facilities in the US and one in Europe and specializes inAdvanced Manufacturing and R&D in Aerospace, National Defense and Navigation.

Net Operating Income

Actual NOI = $1,043,570.96

Land Use Description

R&D Facility, Laboratory
Zoning: Business Park
See page 15 for 2030 General Plan



PROPERTY HIGHLIGHTS

ADDRESS 2700 Systron Dr, Concord, CA
GROSS LAND SIZE ±8.25 AC
PARCEL NO. 126-192-017-5
TOTAL RENTABLE SF ±103,026 SF
NORTH BUILDING ±52,730 SF
SOUTH BUILDING ±50,296 SF
BUILDING TYPE R&D, Manufacturing, Office
YEAR BUILT 1965
OCCUPANCY 100%
NOI (2/10/2024) $1,043,570.96
TENANT Emcore Corporation
LEASE TYPE Absolute NNN
POWER 2,000 Amps 480v to Mfg Bldg
1,200 Amps 480v to Office
PERCENT IMPROVED 58.33%
LAND USE R&D Facility, Lab
ZONING Business Park