Behavioral Health Building Portfolio | California
For Sale
Behavioral Health Building Portfolio | California
Asking Price: $15,260,000
| Cap Rate: 6%
- Net Operating Income: $915,895
- Weighted Avg. Lease Term (WALT): 17 Years
- Lease Type: Absolute Net
Property Highlights
- Portfolio of 2 single-tenant, free-standing, healthcare properties (can be purchased together or separate)
- Capital improvements include, but not limited to: new HVAC units in each building, fire alarm and monitoring system upgrades, replaced the old flooring with new tile flooring
- Both leases are absolute net with zero landlord responsibilities and have 2, 5-year renewal options with 2.5% annual increases to hedge against inflation
- Ideal 1031 Exchange Opportunity