350 Posada Lane

Templeton, CA 93465

$7,600,000 0 Beds 0.0 Baths 19,400 sq ft MLS# 18003391

About 350 Posada Lane

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.

350 Posada Lane Details

MLS #18003391
Price$7,600,000
StatusActive
Beds0
Baths0.0
Half Baths0
Square Feet19,400
Zip Code93465
Area24 - Templeton
Property TypeCommercial

Property Location

Similar Properties

Feeling Interested?

Let us get you more information. Simply contact us and we'll be happy to answer any questions.

Listing Courtesy of Artisan Real Estate Group
© 2019 by the following associations of REALTORS®: Lompoc Valley, Santa Maria and Santa Ynez Valley. All Rights Reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market.
Top

Hello,

Thank you for visiting the Village Properties website. Tell us a little more about the kind of home you're looking for so that we can better assist you.
Village Properties Logo