|Asking Price||$13,000,000 ($169 PSF)|
|Year 1 Cap Rate||6.50%|
|Year 1 Leveraged Cash on Cash||9.17%|
|Tenant||High Desert Medical Group|
|Building Area||±76,748 SF|
|Land Area||±8.29 Acres (±381,287 SF)|
- Rare Southern California Long Term Single-Tenant NNN Leased Medical Office Investment With Long Term Stable Cash Flow.
- Rare opportunity to acquire a highly visible medical office building with a brand new 10-year single-tenant NNN lease term. The single-story building is leased to the High Desert Medical Group (HDMG)—a multi-specialty medical group that has been providing the Antelope Valley with the highest quality health care possible since 1982.
- The HDMG is an affiliate of Heritage Provider Network—a recognized innovative leader in healthcare delivery networks in California for more than 35 years. In this function, the HDMG provides a multitude of services to the Greater Antelope Valley including; Internal Medicine, Family Practice, Pediatrics, 24-Hour Urgent Care and other specialty clinics.
- Leased on a long-term basis of 10 years, an investor will enjoy ease of ownership and a passive long term stable cash yield. In addition, the property is being delivered completely free and clear of debt, enabling the investor to take advantage of historically low interest rates.
- Priced at $13,000,000 ($169); significantly below the estimated replacement cost of $19,805,000 ($258/PSF).
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Specializing in the Sale of Low Rise Office and Industrial Properties in Southern California
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