Irvine, California – The NNN Commercial Real Estate news is back in Orange County, California today. There was a new lease signed at an Irvine NNN Commercial Real Estate development. Hyundai Capital America has executed a net lease for more space at The Michelson Commercial Property. Hyundai Capital America was formerly known as Hyundai Motor Finance Company and the Finance Company started in 1989. Hyundai Capital America uses the Irvine NNN Commercial Real Estate development as their United States headquarters. Hyundai Capital America had originally signed a net lease for approximately 100,000 square feet of this Irvine Net Leased Property back in 2009.
The 3161 Michelson Drive Office Tower is located in the heart of Orange County’s Business district. The NNN Commercial Real Estate development features 19 floors of office space and has a top floor penthouse. Some NNN Commercial Real Estate investors call this commercial property Park Place, some call it The Michelson or 3161 Michelson Drive. This California Commercial Property offers about 531,123 square feet with office space optimized for both efficiency and flexibility.
The Michelson Commercial Property was designed with an articulated skin of modern technology and offers the ideal combination of a prime location, wide amenity base and is known for its urban influence. The Architects designed this Commercial Property development to become the urban centerpiece for this emerging Orange County Business sector.
Many Net Lease Properties Investors see California’s economy struggle severely, and California lawmakers try to stay above water with the state’s budget disaster. So when a NNN Commercial Real Estate investor lands a quality net lease property Tenant, well that is excellent news. The announcement is that Hyundai Capital America has expanded into an additional 30,439 square feet of office space located at The Michelson Commercial Property.
The Net Leased Property Tenant, Hyundai Capital America now occupies approximately 96,439 square feet of space on floors 17, 18, 19 and the Penthouse, on floor 20. Hyundai Capital America provides vehicle financing for consumer and for dealer inventory and facility financing services for Hyundai dealers in America. As far as insurance for these vehicles, consumers can try Florida Insurance Savings.
This Orange County NNN Commercial Real Estate development is positioned at the southeast corner of Jamboree Road and the 405 Freeway. The iconic net leased office tower offers panoramic views of the Pacific Ocean, San Gabriel Mountains and the Orange County skyline. This California Commercial Property is about 80% net leased to premier tenants that includes Jacobs Engineering Group Inc., Bryan Cave, Gibson Dunn, Greenberg Traurig and Jones Day.
This Orange County NNN Commercial Real Estate site was designed by the architect Richard Keating. This California Commercial Property development is an architecturally gorgeous design, and offers convenient freeway visibility with an unparalleled signage opportunity for Tenants. This Orange County NNN Commercial Real Estate development also was designed with a lush sky garden.
Some reports have insinuated that this Southern California Commercial Property a short-term home for Hyundai Capital America’s North American operations. Somme reports believe that there is construction of a new NNN Commercial Real Estate facility in the Fountain Valley area. Either way a net lease property receiving a Tenant such as Hyundai Capital America is beneficial to the commercial property owner.
This Irvine NNN Commercial Real Estate development is also conveniently positioned within one mile of the busy John Wayne Airport. This California Net Leased Property is ideally positioned in the center of Orange County which enjoys a comfortable year-round climate and sits near unparalleled hotels, amenities and major retail shopping centers. Many NNN Commercial Real Estate Investors seek Orange County for their next Southern California Investment Property.
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