Greg Malik Real Estate
350 Posada Lane #205
Templeton, CA 93465

$7,600,000

Description

A 19,400 sf Class A Medical Office building with 18,765 sf of net rentable space on a 1.3 acre parcel among many other medical facilities and very close to Twin Cities Hospital. The building is 100% leased out - (though Suite 100 has been vacated by the Credit Tenant, LabCorp, the leases run through 2021 and the payments remain timely and current). The property is being offered for sale by the partnership that has owned it since 2002 as the partners are beginning to retire. Offered at a 6% cap rate on current actuals, the property has $3.1m of assumable existing debt that was acquired in March 2018. We invite and will respond to all reasonable offe

Details

MLS#PI18287094
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year2002
Days On Site4

Features

SQ Feet19,400
Story(s)0
ZoningOP

Market Activity 93465

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Area Information

StateCA
CountySan Luis Obispo
CityTempleton
Zip Code93465
AreaTTON - Templeton
Listing VS Median (in 93465)
Price:
$7,600,000
low | high
Med:
$622,500
100% of Average
SqFt:
19,400
low | high
Med:
1,219
100% of Average
$ / SqFt:
$392
low | high
Med:
$588
2% of Average
On Site:
4
low | high
Med:
49.5
8.080808080808% of Average
Listing Updated: 12/10/2018
MLS Number: PI18287094
Listing Provided By:
Mark Burnes  of  Burnes Commercial Group
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