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11527-11529 Sproule Ave

3,274 SF Health Care Building Offered at $2,400,000 at a 9% Cap Rate in Pacoima, CA 91331

Investment Highlights

  • No landlord responsibilities.
  • 10 year lease, absolute net lease.

Executive Summary

High yield investment opportunity with a multi-state behavioral health operator. Tenant currently has 3 locations in California and 2 in Florida. Full corporate guarantee. The property is currently licensed for 12 beds which is a value add in the California licensing landscape of the 6 bed model. 10 year lease, absolute net lease. No landlord responsibilities. The property has the ability to build two ADUs to bring the total to 24 beds.

Property Facts

Price $2,400,000
Price Per Bed $200,000
Sale Type Investment
Cap Rate 9%
Sale Conditions
1031 Exchange
  • Sale Leaseback
Property Type Health Care
Property Subtype Rehabilitation Center
Building Class C
Lot Size 0.43 AC
Building Size 3,274 SF
No. Beds 12
No. Stories 1
Year Built 1970
Opportunity Zone Yes

Room Mix Information

Description No. Beds
- 12

zoning

Zoning Code LAA2 (Approved for 12 beds of residential substance use disorder treatment)
LAA2 (Approved for 12 beds of residential substance use disorder treatment)
  • Listing ID: 33070252

  • Date on Market: 9/5/2024

  • Last Updated:

  • Address: 11527-11529 Sproule Ave, Pacoima, CA 91331

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