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For Sale: New To Market: Long Term NNN Single Tenant Medical Office Investment

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

Anthony Delorenzo
Lic. 01706686
+ 1 949 725 8425

Doug Mack
Lic. 01804065
+ 1 949 725 8571

Nick Svendsen
Lic. 01940653
+ 1 949 725 8471

Mark Shaffer
Los Angeles Market
Lic. 01253743
+1 213 613 3758

Matt Pourcho
San Diego Market
Lic. 01705763
+1 858 546 4622

Specializing in the Sale of Low Rise Office and Industrial Properties in Southern California

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