6955 El Camino Real

    Atascadero, CA 93422
    • $10,225,000
    • STATUS: Active
    • ON SITE: 192 days
    • ID#: NS19078379
    UPDATED: 46 min ago
    $10,225,000
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,091
      SQFT
    • $678
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    Description

    High quality single tenant net lease (STNL) investment located on the Central Coast. Triple Net Corporate Lease with First Choice Physician Partners, a subsidiary of Tenet Healthcare Corporation, and guaranteed by Twin Cities Community Hospital, Inc.10-Year initial lease term with +/- 9 years remaining with fixed 3% annual increases to the Base Rent.Property was extensively renovated in 2017/18 and is ideally located on the corner of El Camino Real and State Route 41 where two major arterial roadways connect making it one of Atascadero's most important intersections in the City. Current Net Operating Income (in-Place) is $511,280.40Please click on the supplemental link to access the full offering memorandum regarding this investment opportunity.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T21:34:43.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/93569715

    6955 El Camino Real Atascadero, CA 93422

    • Price: $10,225,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: NS19078379
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    15,091
    SQFT
    $678
    $/SQFT
    1980
    Built
    Neighborhood:
    ATSC - Atascadero
    County:
    San Luis Obispo
    Area:
    ATSC - Atascadero
    Property Description
    High quality single tenant net lease (STNL) investment located on the Central Coast. Triple Net Corporate Lease with First Choice Physician Partners, a subsidiary of Tenet Healthcare Corporation, and guaranteed by Twin Cities Community Hospital, Inc.10-Year initial lease term with +/- 9 years remaining with fixed 3% annual increases to the Base Rent.Property was extensively renovated in 2017/18 and is ideally located on the corner of El Camino Real and State Route 41 where two major arterial roadways connect making it one of Atascadero's most important intersections in the City. Current Net Operating Income (in-Place) is $511,280.40Please click on the supplemental link to access the full offering memorandum regarding this investment opportunity.
    Exterior Features

    Lot Features Corner LotLevel With StreetLot 20000-39999 SqftPaved Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Asset Class Office Building Area Units Square Feet Building Status Existing Business Type Medical Cap Rate 5.00 Country Us Investment Property YN Yes Land Lease YN No Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 511280.40 Property Sub Type Office Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Corban Holland of Pacifica Commercial Realty and Paul Shannon of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T21:34:43.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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