963 Lane Ave - Medical FOR SALE
Chula Vista, CA 91914 |
$6,312,222 USD
630-854-9717
963 Lane Ave
Chula Vista, CA 91914
HIGHLIGHTS
- HIGH-CALIBER OPERATOR: The property is leased to Sanderling Renal Services – a renal services operator with 19 locations.
- STRONG SUBMARKET POSITIONING: Sanderling is located just off CA-125 on Otay Lakes Road in the heart of a major cluster of office & retail development.
- CLASS “A” REAL ESTATE: This property, constructed in 2008, features appealing finishes and boasts significant curb appeal.
- SIGNIFICANT TENANT INVESTMENT: Tenant has invested over $1MM in tenant improvements beyond landlord’s allowance thus demonstrating their commitment.
- HEDGE AGAINST INFLATION: The tenant’s lease features annual rental bumps with an average escalator of 3%.
- CREDIT-ENHANCED LEASE: Investors will benefit from a credit-enhanced lease which includes a corporate and personal guarantee.
FOR SALE DETAILS
PRICE
$6,312,222 USD
PRICE/SF
$601 USD /SF
CAP RATE
5.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SANDERLING DIALYSIS CENTER
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
A
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.98 AC
LAND SF
86,249 SF
ZONING
CPC
APN/PARCEL ID
595-232-37-05
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630-854-9717
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630-854-9717
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