Commercial Listing

For Sale

100% Leased Medical Investment | New 15-Year Leases

3900 Geer Rd, Turlock, CA 95382
$7,500,000

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