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Hot Property: Fully leased to county-owned tenant

Hot Property-HalfMoonBayMOB

The 15,335 square foot San Mateo County Coastside Clinic in Half Moon Bay, Calif., is the only medical building in town with more than 5,000 square feet of space. Photo courtesy of Marcus & Millichap

MOB in Half Moon Bay, Calif., provides valuable medical services to residents

Name: Coastside Clinic
Address: 225 Cabrillo Highway South
City: Half Moon Bay, Calif.
Total leasable square feet: 15,335
Number of floors: 1
Tenant: San Mateo County Health System
Occupancy: 100%
Year built: 1980
Year renovated: 2011
Seller: NetREIT Inc.
Brokerage: Marcus & Millichap
Broker: John Smelter

A 36-year-old medical office building (MOB) in a small town about 30 miles from San Francisco might not be the flashiest listing on the market in 2016. But sometimes the less attention-getting properties can make for very good investments.

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