1551 Bishop #210, SLO
A suite with excellent parking in the Bishop Street Medical Complex. This suite is in very good condition and consists of a doctors office, exam rooms, and a reception area.
1304 Ella #CD, SLO
1304 Ella Street Units C and D are comprised of a fully leased and improved surgery center of 6,144 SF (Unit C) as well as a 1/3 LLC interest in a 1,000 SF administrative office (Unit D). Both suites are leased to the San Luis Obispo Surgery Center, a subsidiary of Sutter Heath. Both leases expire on August 31, 2030. The Surgery Center has been a long-term stable tenant, as both leases commenced on September 1, 2015.
The Suite C lease expires on August 31, 2030 and the current net income for the 6,144 SF suite is $18,619.66 per month NNN. There are 2% annual increases on September 1st of each year.
The Suite D lease expires on August 31, 2030 and the current net income for Suite C’s ownership interest is $792.98 NNN. There are 2.5% annual increases on September 1st of each year.
Based upon the current annual net income of $232,952 the cap rate at the asking price of $3,515,000 is 6.6%.
1304 Ella Street is located directly adjacent to the French Hospital Medical Center, San Luis Obispo County’s preeminent hospital.
620 California #G, SLO
This suite is currently set up for pediatric dentistry. The California Medical Center is well-located, just off Highway 101. Excellent on-site parking.
620 California #P, SLO
This suite is currently configured as open space but can be modified to reflect the attached floor plan, which can provide for up to four exam rooms.
145 Prado, SLO
This freestanding building has excellent exposure and freeway access. It is comprised of perimeter offices, an open work area, a break room, two restrooms, and a storage area with roll-up door. There are 22 parking spaces (1/241 SF). Please do not disturb occupants.