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Listing 2 out of 318
$10,225,000 For Sale

6955 El Camino Real
Atascadero, CA 93422


15,091 sq ft

Commercial: Office - MLS# NS19078379
Property Photo
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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.

Features

  • Property Type: Commercial
  • Sub Type: Office
  • Listing Status: Active
  • Zip Code: 93422
  • Year Built: 1980
  • Sq.Ft.: 15,091 sq ft
  • Area: ATSC - Atascadero
  • Building Area Units: Square Feet
  • Building Status: Existing
  • Cap Rate: 5.00
  • Co-Listing Agent License: 01970198
  • Co-Listing Office License: 01382568
  • Condo Area Units: Square Feet
  • Cooling YN: Yes
  • Country: US
  • Directions: Located on the corner of El Camino Real and Hwy 41
  • Heating: Central
  • Heating YN: Yes
  • Investment Property YN: Yes
  • Listing Agent License: 01836854
  • Listing Office License: 01382568
  • Lot Size Source: Assessor
  • MLS: CRM
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Net Operating Income: 511280.40
  • Water Source: Public
Courtesy of Pacifica Commercial Realty, Corban Holland

 


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agent photo

Monique Carlton - Owner, Agent of
San Luis Obispo Realty - Top San Luis Obispo Real Estate Agency on the Central Coast!
441 Marsh Street
San Luis Obispo, CA 93401
Phone: (805) 471-6921
Email: moniquecarlton@gmail.com
BRE # 00184228

My web sites: www.SellingSanLuis.com and www.CentralCoastListings.com
Company web site: www.San-Luis-Obispo-Realty.com


 

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