U.S. DISTRICT COURT

Tenant

United States District Court & ITT

Location

Vista, CA

Price

Unstated

CAP Rate

Unstated

Lease Term

Unstated

Occupancy

100%

Building Size

21,213 SQ FT

Property Type

Office

Year Built

2006

Lot Size

2.24 Acres

Status

Sold

100% CREDIT TENANTS

LEASES GUARANTEED BY US GOVERNMENT
and NYSE traded public company

LONG TERM LEASES

NEW 2006 CONSTRUCTION

EXCELLENT FREEWAY ACCESS

The property consists of a 21,213 square foot, two story office building, located in Vista, CA. The building is 100% occupied by two credit tenants on long term leases. The first floor is occupied by ITT Educational Services, Inc., a public company traded on the NYSE (Symbol: ESI). ITT has a five year lease with a five year option. The second floor is occupied by the United States District Court of the Southern District of California, with a twelve year term. This is a US General Services Administration lease, backed by the US Government. The building was constructed in 2006, and features excellent curb appeal and ample parking, with a 4.67:1,000 SF ratio.