Property details

California Medical Office Building, Pacific West Region

Property Description

Northern California Medical Office Building

Really knock out building

Located in Santa Clara County, California.

This is a buyout of the partnership. The buyer would be buying a fee simple medical office building.

12 doctor partners

16,000 sf two-story office building

Never had a vacancy since built in 1980

Closest independent medical building to a major hospital

65% LTV can be obtained The partner/doctors are currently paying $2.50 PSF plus $1.28 cam.

Owned Free and Clear!

• 2 story, wood structure

• Ample parking

• Bearutiful oak trees, lawns

• A buyer should make an offer, subject to them redoing the leases where they are paying $3.50- $3.60 plus cams NNN

• New NNN 3-5 year leases

• Some rents are being paid by a major university

• Being sold free and clear

• May have some owner financing from some of the doctors (yet to be determined)

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Highlights

Status:
Available
Price:
$9,900,000
PSF:
$619
Cap Rate:
5.50%
 

Property Information

Building Size:
16,000 sq.ft.
Property Type:
Medical
Industry Type:
Medical - Healthcare
Year Built:
1980
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.