Investment Summary
| Offering Price | $17,500,000 ($270 PSF) |
| Property Size | +/-64,780 SF |
| Year 1 Cap Rate | 6.20% |
| Year 3 Cap Rate | 7.03% |
| Year 3 Cash on Cash | 9.24% |
Investment Highlights
- Stable Cash Flow Medical Office Investment Adjacent To Hospital
- The overall medical office vacancy within a three mile radius of the property is 6.10% and average vacancy since 2006 is a very low 7.38%.
- Located within 5-miles of 6 hospitals and within walking distance to Saint Francis Medical Center. Saint Francis Medical Center is a 384 bed acute care hospital with two community-based health clinics, and one of the largest and busiest private emergency trauma centers in Los Angeles County.
- Priced at $17,500,000 ($270 PSF), the asset is offered significantly below the estimated replacement cost of $23,741,000 ($366 PSF).
Click to Download Offering Memorandum
Contact Information
Gary Stache
Lic. 00773736
+1 949 725 8532
gary.stache@cbre.com
Mark Shaffer
Lic. 01253743
+1 213 613 3758
mark.shaffer@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
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.
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