6955 El Camino Real
Atascadero, CA 93422

$10,225,000

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 $511,280.40 Please click on the supplemental link to access the full offering memorandum regarding this investment opportunity.

Details

MLS#NS19078379
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1980
Days On Site12

Features

SQ Feet15,091
Story(s)0

Market Activity 93422

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Area Information

StateCA
CountySan Luis Obispo
CityAtascadero
Zip Code93422
AreaATSC - Atascadero
Listing VS Median (in 93422)
Price:
$10,225,000
low | high
Med:
$479,950
100% of Average
SqFt:
15,091
low | high
Med:
1,994
100% of Average
$ / SqFt:
$678
low | high
Med:
$241
100% of Average
On Site:
12
low | high
Med:
34
35.294117647059% of Average
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 11,000 - 18,500
Listing Updated: 04/21/2019
MLS Number: NS19078379
Listing Provided By:
Corban Holland  of  Pacifica Commercial Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.