350 Posada Lane

    Templeton, CA 93465
    • $7,600,000
    • STATUS: Active
    • ON SITE: 71 days
    • MLS #: 18003391
    UPDATED: 34 min ago
    $7,600,000
    • 0
      BEDS
    • 1.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,400
      SQFT
    • $392
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2002
    County:

    School Ratings & Info

    Description

    A 19,400 sf Class A Medical Office building with 18,765 sf of net rentable space on a 1.3 acre parcel among many other medical facilities and very close to Twin Cities Hospital. The building is 100% leased out - (though Suite 100 has been vacated by the Credit Tenant, LabCorp, the leases run through 2021 and the payments remain timely and current). The property is being offered for sale by the partnership that has owned it since 2002 as the partners are beginning to retire. Offered at a 6% cap rate on current actuals, the property has $3.1m of assumable existing debt that was acquired in March 2018. We invite and will respond to all reasonable offer.NOI $457k - 6% cap rate on current actuals - 5.6% on new owner property tax.

    Monthly Payment Calculator



    © 2019 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2019-02-20T18:29:42.087. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams.

    www.theepsteinpartners.com/homes/89988823

    350 Posada Lane Templeton, CA 93465

    • Price: $7,600,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 18003391
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.3
    Acres
    19,400
    SQFT
    $392
    $/SQFT
    2002
    Built
    Neighborhood:
    1 - Not Applicable
    County:
    San Luis Obispo
    Area:
    24 - Templeton
    Property Description
    A 19,400 sf Class A Medical Office building with 18,765 sf of net rentable space on a 1.3 acre parcel among many other medical facilities and very close to Twin Cities Hospital. The building is 100% leased out - (though Suite 100 has been vacated by the Credit Tenant, LabCorp, the leases run through 2021 and the payments remain timely and current). The property is being offered for sale by the partnership that has owned it since 2002 as the partners are beginning to retire. Offered at a 6% cap rate on current actuals, the property has $3.1m of assumable existing debt that was acquired in March 2018. We invite and will respond to all reasonable offer.NOI $457k - 6% cap rate on current actuals - 5.6% on new owner property tax.
    Exterior Features

    Lot Characteristics Cul-De-Sac Roof Description Tile

    Interior Features

    Air Conditioning Central Air Foundation Slab Heating Forced Air Stories Two

    Property Features

    Allowable Uses Zoned Office Professional - Medical Use is Allowed. Building Info Building Class A Existing Lease Terms Other Listing Detail Own/Licensee Location Business District Monthly Rent 38000.00 Possession Negotiable Property Use Health Care/Acu Care Reports Available None Separate Meters ElectricGasWater Sewer Public Sewer Sub Type Office Tenant Pays ElectricityGasInsuranceTaxesTrash CollectionWater Terms Submit Under Construction No Water Public

    Listing provided courtesy of Mark Burnes of Artisan Real Estate Group.



    © 2019 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2019-02-20T18:29:42.087. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams.

     
    Keller Williams
    1435 Anacapa St.
    Santa Barbara CA, 93101