6955 El Camino Real, Atascadero, CA 93422

$9,950,000
15,091
SqFt
List Price
$9,950,000
Price Change
▼ $275,000 1583911014
Status
ACTIVE
MLS#
NS19078379
Year Built
1980
Living Sq. Ft
15,091
Days on Market
524
Property Type
Commercial
Property Sub Type
Office

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 +/- 8 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 $526,618 Cap Rate is 5.29% Please click on the supplemental link to access the full offering memorandum regarding this investment opportunity.

Additional Information

Heat
Central
Cooling
Yes
Cooling Description
Central Air
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Corban Holland from Pacifica Commercial Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.