7761 Garfield Ave - Health Care FOR SALE


Huntington Beach, CA 92648- Garfield
$4,200,000 USD
661-282-2246
7761 Garfield Ave, Huntington Beach, CA for Sale
$4,200,000 USD
Health Care - FOR SALE
1/39
null | 5.25% Cap Rate

7761 Garfield Ave
Huntington Beach, CA 92648
Garfield


HIGHLIGHTS

  • Fully Occupied
  • NNN Lease
  • Annual Escalations 2%
  • Corner Lot

OVERVIEW

Fully Leased - NNN Investment, Long Term 5 Year Lease with 2% annual escalations. NOI is $220,320. Fully functional licensed Behavioral Health (drug/alcohol) recovery home. 2 -SFR's on 1 large corner lot. Each home is 3,000 s.f. with a 2 Car Garage. The property was built in 2017 with this purpose in mind. Each home has 4 bedrooms and 3 bathrooms, two stories, large living area and kitchen downstairs with one bedroom. There is a common area patio between the two homes for outside enjoyment, smoking area, etc. The property is licensed through the State of California Department of Human Services for this purpose. Each house is licensed. The property is free and clear. great cap rate of 5.25% with 4 years remaining on a 5 year lease. The tenant is a very strong Behavioral Health organization with various other facilities in the Behavioral Health field. They signed this strong 5 year NNN lease with no landlord responsibilities. Feel free to call us for further information. Seller is looking to make a sale and is motivated.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$699 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM

APN/PARCEL ID

159-121-41

ASK ABOUT THIS PROPERTY

Mary Sawyer, CCIMPortfolio PropertiesMore Info
661-282-2246

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Mary Sawyer, CCIMPortfolio PropertiesMore Info
661-282-2246

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