2450 Sister Mary Columba Dr - Lassen Medical Clinic
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2450 Sister Mary Columba Dr - Lassen Medical Clinic
35,085 SF Health Care Building Offered at £7,527,169 at a 7.42% Net Initial Yield in Red Bluff, CA 96080
Investment Highlights
- Beautifully maintained building with Interstate 5 frontage
- Major renovations and building upgrades recently completed
- Uniquely positioned Hospital Outpatient Clinic providing critical services
Executive Summary
Beautiful 35,000+ sqft hospital outpatient clinic, located within the Saint Elizabeth Community Hospital campus in Red Bluff. Built in 2004 and extensively remodeled over the last 11 years, the building continues to be well maintained and kept up to date. The 2.21 acre parcel boasts I-5 frontage and includes a private parking lot with 98 spaces. Dignity Health operates the Lassen Medical Clinic along with the neighboring hospital and the clinic is licensed as a California 1206d, Provider-Based clinic. It is also a Federally Qualified Rural Health Center. As one of the largest clinics north of Sacramento in terms of patient volume (approx 70,000 active patients), it has served the community for 60+ years. The unique location, services offered and continued improvements to the building make it very difficult to replace.
Adjacent 5.9 acres with freeway frontage also available.
Adjacent 5.9 acres with freeway frontage also available.
Property Facts
| Price | £7,527,169 | Lot Size | 2.22 AC |
| Price Per Bed | £125,453 | Building Size | 35,085 SF |
| Sale Type | Investment | No. Beds | 60 |
| Net Initial Yield | 7.42% | Number of Floors | 2 |
| Property Type | Health Care | Year Built/Renovated | 2004/2012 |
| Property Subtype | Hospital | Parking Ratio | 2.79/1,000 SF |
| Building Class | B |
| Price | £7,527,169 |
| Price Per Bed | £125,453 |
| Sale Type | Investment |
| Net Initial Yield | 7.42% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | B |
| Lot Size | 2.22 AC |
| Building Size | 35,085 SF |
| No. Beds | 60 |
| Number of Floors | 2 |
| Year Built/Renovated | 2004/2012 |
| Parking Ratio | 2.79/1,000 SF |
Amenities
- Wheelchair Accessible
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PROPERTY TAXES
| Parcel Number | 035-070-072-000 | Improvements Assessment | £4,996,812 |
| Land Assessment | £87,984 | Total Assessment | £5,084,796 |
PROPERTY TAXES
Parcel Number
035-070-072-000
Land Assessment
£87,984
Improvements Assessment
£4,996,812
Total Assessment
£5,084,796
zoning
| Zoning Code | C-3 (General Commercial) |
| C-3 (General Commercial) |
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2450 Sister Mary Columba Dr - Lassen Medical Clinic
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