Overview
- Updated On:
- July 26, 2022
Description
An opportunity to acquire a Prime medical office building at the Madera Community Hospital complex with an extraordinary cap rate of 7%. 1260 East Almond Ave is a well-located Class B building offering 5600 square feet of office space. It is the First building to left when pulling into the hospital.
Sitting on a commercial corridor where you will find the vast majority of Madera’s medical and dental facilities, this building also provides a great investment opportunity.
This single-story property was built in 1996 and it is available in excellent shape with great curbside appeal. There’s plenty of parking spaces in front and back of the property.
It has long term land lease from hospital as with all property in the complex. Currently this site is being sold at $1,249,000, giving an amazing price of $223 per sqft. The Dr who are selling the building will do 5 year lease back at $1.30 per foot NNN.
Close to freeway exit. Surrounding of Almond Avenue is a dense residential development. The population within one mile of this property is 13,078.
