Income Property Interest

Santa Barbara, CA (Santa Barbara County)

Income Property Interest
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Asking Price: $599,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: N/A

Income Property Interest

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Business Description

Medical office complex across the street from Santa Barbara’s Cottage Hospital. Desirable location in the heart of the healthcare community.

Absentee ownership with full-time management in place that handles rent collection, maintenance, and tenant relations.

Property includes two private physician’s offices, plus basement storage. Long term leases expire in 2022 and 2025 with two (2) additional 5-year options to extend.

Lovely grounds plus expansive off-street parking with 75 marked spaces.

Owners are selling their ten percent (10%) ownership interest, held as tenants in common.

7,388 total rentable square feet with 100% average occupancy.

Excellent turn-key opportunity to own a multi- unit commercial property investment in the high-demand medical office field in downtown Santa Barbara.

Detailed Information

Location:
Santa Barbara, CA
Facilities:
Lovely grounds plus expansive off-street parking with 75 marked spaces. Directly across from Santa Barbara Cottage Hospital.
Competition:
Prime location for medical facility, located directly across from Santa Barbara Cottage Hospital.
Financing:
Owner is selling 10% ownership interest
Business Website:
http://compassfirst.com/2020/07/income-property-interest/
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Matt Olufs

Business Listed By:
Matt Olufs

Compass First

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