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1050 Las Tablas Rd - 3,600 SF in the Las Tablas Medical Plaza

3,600 SF Medical Unit Offered at £465,558 in Templeton, CA 93465

Investment Highlights

  • Ideal Location - Las Tablas Medical Plaza is adjacent to Twin Cities Hospital
  • Package of 3 - Contiguous condos with 3 separate Assessors Parcel Numbers
  • Great Value - It's rare to find 3,600+/-SF of office space for only $689,000!

Executive Summary

Discover an incredible investment opportunity for three office condos totaling 3,600+/- square feet, conveniently located on the west side of Templeton, right next to Twin Cities Hospital. This is ideal for medical professionals, investors, or a combination of both. Priced at only $689,000, it's your chance to own your own space instead of renting and/or to diversify your investment portfolio. This attractive complex provides ample parking, landscaped courtyards & great accessibility. The current layout provides flexibility with multiple exam rooms, private offices, workstations, reception areas, lounges, storage rooms, restrooms and more. The HOA fees are $425/month per unit which includes water, trash, exterior maintenance & insurance. With market rents at approx. $1.60 per sf and a cap rate of around 6%, this investment makes a lot of sense! Seller would consider selling 1 or 2 of the condos. Occupants may not need to be related to the medical field, so check with the listing agent for further details. Don’t miss out on this rare chance to secure your future in real estate – contact us today for more information and to arrange a viewing.

Property Facts

Price £465,558
Unit Size 3,600 SF
No. Units 1
Total Building Size 20,000 SF
Property Type Office (Unit)
Property Subtype Medical
Sale Type Investment or Owner User
Building Class B
Number of Floors 1
Typical Floor Size 1,200 SF
Year Built 1978
Lot Size 3.21 AC
Parking Ratio 10/1,000 SF

1 Unit Available

Unit 14/16/18

Unit Size 3,600 SF
Price £465,558
Price Per SF £129.32
Unit Use Medical
Sale Type Investment or Owner User
Net Initial Yield 6.63%
NOI £30,866.48
APN/Parcel ID 040-331-016/017/018
Description

3 - 1,200+/-SF contiguous office condos near Twin Cities Hospital in Templeton, CA.

Sale Notes

Great Investment Opportunity below replacement value

Amenities

  • Bio-Tech/ Lab Space
  • Courtyard
  • Roof Lights
  • Central Heating
  • Air Conditioning

zoning

Zoning Code OP (Office Professional)
OP (Office Professional)
  • Listing ID: 29572862

  • Date on Market: 20/09/2023

  • Last Updated:

  • Address: 1050 Las Tablas Rd, Templeton, CA 93465

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