100% Leased Medical Building | 1191 Central Blvd
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100% Leased Medical Building 1191 Central Blvd
11,370 SF 100% Leased Office Building Brentwood, CA 94513 $4,185,000 ($368/SF) 6.50% Cap Rate
Investment Highlights
- High quality multi-tenant medical office building.
- For sale from original developer- meticulously maintained with beautiful landscaping.
- Healthcare properties typically perform well in challenging economic times, as the tenants provide essential medical services.
- Annual increases in several of the leases.
- Easy access to Highway 4, John Muir, and abundant retail amenities.
- Brentwood is thriving with an affluent, growing population and significant new residential and commercial development.
Executive Summary
Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire a high quality, multi-tenant net leased medical investment at 1191 Central Blvd (the “Property”) in Brentwood, California. Currently 100% leased to 4 medical tenants with staggered lease expirations and scheduled rental increases, the Property represents an excellent passive investment situated within TownCentre Brentwood, a thriving 3 building medical project.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,370 SF
Building Class
C
Year Built
2002
Price
$4,185,000
Price Per SF
$368
Cap Rate
6.50%
NOI
$272,044
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,370 SF
Building FAR
0.30
Lot Size
0.88 AC
Zoning
PD-10 - Public Development
Parking
40 Spaces (3.52 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 013-010-090-2 | Improvements Assessment | $1,549,993 |
| Land Assessment | $752,959 | Total Assessment | $2,302,952 |
PROPERTY TAXES
Parcel Number
013-010-090-2
Land Assessment
$752,959
Improvements Assessment
$1,549,993
Total Assessment
$2,302,952
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100% Leased Medical Building | 1191 Central Blvd
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