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3905 Waring Rd

3905 Waring Rd
Oceanside, CA 92056
Availability: Offering Price:$4,550,000 Term:5 Years
Shipping: Marcus & Millichap is pleased to present the sale of 3905 Waring Rd
Pricing: $0.00
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Description

Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

Scott Hilmen | Senior Associate


Member: NOIPG
License: CA 01960113
Cel: (619) 665-0671
Dir: (858) 373-3123
scott.hilmen@marcusmillichap.com

Description

Marcus & Millichap is pleased to present the sale of Orthopeadic Specialists of North County single-tenant net leased medical office building. This on-campus property is tenanted by the hospital it adjoins. Tri-City Medical Center, “Tri-City” is 14 miles from the nearest publicly accessible hospital. To the north, the next closest publicly available hospital is 37 miles away in Laguna Beach. Nearly opposite Tri-City along SR-78 is the Quarry Creek development with 636 new homes under construction. Thousands more people are expected into the Tri-City service area in the not too distant future. There is over 1,000,000 square feet of industrial space under construction in Tri-City’s service area right now, bringing new business and further increasing the demands for care on this hospital.

Features

  • On campus to Tri-City Medical Center
  • Tri-City Healthcare District is occupant
  • Extremely high barriers to entry
  • Only hospital within 14 mile radius
  • Thousands more residents expected
  • Great real estate, excellent tenant

Sale Price

$4,550,000

Building Size

10,218 SF

Cap Rate

6.73%

Price Per SF

$445.29

Year Built

1986

Lease Term

5 Years

Lease Rate

$2.50 / SF NNN

Annual Increases

3%

Details

  • 22932263
  • Office
  • Offering Price:$4,550,000 Term:5 Years
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present the sale of 3905 Waring Rd

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