Property Type Status For Sale Size 71320 SQ. FT
Purchase Price: $34,600,000
Price per SF: $485/SF
Current NOI: $1,989,635.88
Cap Rate: 5.75%
Cash on Cash: 6.72%
Building Size: 71,320 SF
Year Built: 1997
Parking: 180 Spaces
- Above market cap rate and attractive cash-on-cash return providing secure yield compared with alternative investments.
- Strong hedge against inflation - market leading increases at 10% every 5 years during the initial term and throughout the options.
- 100% occupied with stabilized NNN long term leases.
- Internet resistant tenant base.
- Low cost per square foot – priced Under $485 PSF.
- AltaMed has 9 years remaining with a long-term operating history of over 20 years at this location.
- EoS Fitness has over 12 years remaining. Health club industry revenue has doubled in the last 10 years
- Ample parking for tenants and visitors as well as multiple public transportation stops.