Investment Summary
| 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) |
Investment Highlights
- 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).
Contact Information
Gary Stache
Lic. 00773736
+1 949 725 8532
gary.stache@cbre.com
Anthony Delorenzo
Lic. 01706686
+ 1 949 725 8425
anthony.delorenzo@cbre.com
Doug Mack
Lic. 01804065
+ 1 949 725 8571
doug.mack@cbre.com
Nick Svendsen
Lic. 01940653
+ 1 949 725 8471
nicholas.svendsen@cbre.com
Mark Shaffer
Los Angeles Market
Lic. 01253743
+1 213 613 3758
mark.shaffer@cbre.com
Matt Pourcho
San Diego Market
Lic. 01705763
+1 858 546 4622
matt.pourcho@cbre.com
Specializing in the Sale of Low Rise Office and Industrial Properties in Southern California
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
