4516 Market St - Medical FOR SALE


Ventura, CA 93003
$3,649,509 USD
702-839-8737
4516 Market St, Ventura, CA for Sale
$3,649,509 USD
Medical - FOR SALE
1/6
null | 7.75% Cap Rate

4516 Market St
Ventura, CA 93003


HIGHLIGHTS

  • Corporate Tenant
  • Yield Opportunity
  • Below Market Rent
  • Desirable Market
  • Inflation Hedge
  • Captive Tenant

OVERVIEW

ERE Healthcare Real Estate Advisors (“ERE Advisors”) exclusively represents the owners of Rolling Oaks Radiology (“ROR” or “the Property”) in the sale of their state-of-the-art medical imaging facility. The Property consists of approximately 12,300 SF of space located in Ventura, CA, just 40-miles northwest of Santa Monica/Los Angeles. The city of Ventura is the county seat of Ventura County, has a population of 843,843 residents, and borders Los Angeles County. The region ranks as one of the top investment markets in the country, boasting a median household income of nearly $90,000. Ventura itself is home to over 110,000 residents, and is included as part of the Los Angeles metropolitan statistical area (MSA). Rolling Oaks Radiology is operated in partnership with RadNet, Inc., a national leader in diagnostic imaging, and the largest provider of outpatient imaging services in the United States. As of 2024, RadNet is affiliated with 398 locations in 8 states and has more than 8,000 employees. RadNet has a current market cap/valuation of $4.7B and September 2024 quarterly revenue of $461M. Rolling Oaks Radiology offers a complete range of advanced imaging services utilizing state-of-the-art equipment, including 3T MRI, multi-slice CT, PET/CT, nuclear medicine, interventional radiology, X-Ray, and mammography. 6th ST E Upon closing of the transaction, the selected purchaser will assume the existing 2.5-year lease with Ventura County Imaging Group LLC. The lease is structured as modified gross, with the Landlord only responsible for property taxes and association dues, features 3.00% annual rental increases, and is guaranteed by RadNet Management, Inc.

FOR SALE DETAILS

PRICE

$3,649,509 USD

PRICE/SF

$297 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rolling Oaks Radiology

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,390 SF

ZONING

MPD

APN/PARCEL ID

084-0-200-015

ASK ABOUT THIS PROPERTY

Collin HartERE Healthcare Real Estate AdvisorsMore Info
702-839-8737

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Collin HartERE Healthcare Real Estate AdvisorsMore Info
702-839-8737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.