INDUSTRIAL – INVESTMENT PROPERTY – OWNER USER BUILDING – 100% LEASED – 5% Cap Rate

THE GARDEN GROVE PASSIVE INCOME MACHINE: A TURNKEY INDUSTRIAL INVESTMENT.

Headline In today’s investment climate, the search for a truly passive, income-generating asset can be challenging. We are proud to present a unique and compelling opportunity to acquire a fully leased industrial building that is built for stability and long-term growth. This is more than a building; it’s a turnkey investment that delivers a consistent return with minimal landlord responsibilities, allowing you to focus on your portfolio, not on property management.

Auriga Space is developing a magnetic launch track that uses electromagnets to accelerate rockets to six times the speed of sound before firing them toward orbit, drastically reducing fuel requirements. The company recently raised $6 million for development, with CEO Winnie Lai noting that their system features a steep ramp for the final launch stretch, with rockets only needing engine ignition for the final orbital push. Auriga plans to start with hypersonic testing using indoor lab-scale track “Prometheus” and outdoor accelerator “Thor” next year.

A RARE CHANCE TO CAPITALIZE

This is a rare chance to capitalize on a best-in-class investment opportunity. Priced at a competitive $336.93 per square foot and offering a solid 5.0% cap rate, this property stands out in a market where the average price per square foot is significantly higher. The attractive cap rate, combined with a below-market purchase price for a building of this quality, creates a strong and immediate value proposition that a discerning investor will recognize.

TENANT Auriga Space, Inc.
BASE RENT SCHEDULE
5/1/25 – 4/30/26: $23,035.00 ($1.40 psf NNN)
5/1/26 – 5/31/27: $23,957.00 ($1.46 psf NNN)
TOTAL BUILDING SIZE ±16,407 SF
PERCENT LEASED-100%
PURCHASE PRICE- $5,528,400.00
PRICE PER SF-$336.95 CAP RATE -5.0%
ANNUAL RENT INCREASES 4%
CURRENT MONTHLY BASE RENT- $23,035.00 ($1.40 psf NNN)
MONTHLY OPERATING EXPENSES- $6,235.00 ($0.38 NNN)
NET OPERATING INCOME (NOI) YR1 -$276,420.00

INDUSTRIAL CONCLUSIONS

A STRATEGIC ASSET IN A HIGH-DEMAND MARKET

Built in 2006 and renovated in 2022, the ±16,407 SF building is a modern, high-image asset. Its 20’ clear height and 4 ground-level doors provide the functionality a modern tenant demands. Situated on a 1.02-acre lot in Garden Grove, a premier industrial hub in Orange County, the property’s location and flexible PUD zoning ensure long-term value. Its tenant, Auriga Space, Inc., is a well-funded space technology startup, giving you confidence in the stability of your income.

THE POWER OF A TRIPLE NET TENANT

The true genius of this investment is the lease structure itself. The property is 100% leased to Auriga Space, Inc., on a standard single-tenant NNN lease, which means the tenant is responsible for paying the property taxes, insurance, and maintenance costs. This provides the investor with a hands-off, predictable income stream.  Adding to the security, the lease includes a powerful 4% annual rent increase, providing a built-in hedge against inflation and a steadily rising net operating income over the life of the lease.

✨ THE FINAL WORD:  Opportunities to acquire a fully-leased, single-tenant industrial property with a NNN lease in a core Southern California market are exceptionally rare. This is a unique chance to add a stable, low-management asset to your portfolio that offers both a strong cap rate and built-in income growth.

For more information on this exclusive investment opportunity, please reach out to the broker. You can also view more of our listings on our website. argossy.com/properties/

City of Garden Grove Economic Development Dept.
Argossy International Properties