100% Leased Medical Investment | New 15-Year Leases
3900 Geer Road presents a stabilized medical investment opportunity in Turlock, California. The 21, 480-square-foot building is 100% occupied under two newly executed 15-year medical leases, generating $503, 790 in Year 1 contractual base rent. The leases provide for tenant reimbursement of real estate taxes, insurance and certain operating expenses, while approximately 60% of the property’s initial base rental income benefits from 2.5% annual rent increases. The combination of long-term medical occupancy, contractual income growth and substantial existing medical improvements provides investors with durable cash flow and long-term income stability.
Highlights:
• 100% Occupied Medical Investment
• New 15-Year Lease Terms
• $503,790 Year 1 Contractual Base Rent
• 6.18% Year 1 Cap Rate
• Contractual Income Growth
• Tenant Expense Reimbursements
• Significant Medical Buildout & Tenant Investment
- Property type
- Office
- Building size
- 21,480 SF RBA
- Lot size
- 1.53 acres
- Year built
- 2006
- Zoning
- C-O
- Cap rate
- 6.18%
- NOI
- $463,190