Listed by Westpac Partners
$21,000,000
Telo Medical Center
Details
Property Type Office
Sub Type Medical Office
Square Footage 39,934
Units 12
Cap Rate 5.94%
NOI $1,247,257
Tenancy Multi
Year Built 1984
Year Renovated 2006
Buildings 1
Stories 2
Acreage 2.370
Zoning M2
Parking Spaces 200 spaces
Parking Per SqFt 5.01
South Bay Medical Office | 5.94% CAP | 39,934 SqFt
Marketing description
Telo Medical Center consists of an approximately 39,937SF, 2-story, medical building located on a single parcel of land, totaling approximately 2.37 acres. Telo Medical Center is currently leased to a variety of medical specialty tenants occupying 12 suites, including ophthalmology, internal medicine, family practice, orthopedic, urology, oncology, obstetrics/gynecology, allergy and pharmacy, and produces an annual NOI of $1,247,257.
Investment highlights
11 High Quality Physician Tenants with specialty practices occupying large suites
Tight Torrance medical office leasing market with approximately 10% vacancy
Close proximity to Torrance Memorial Medical Center
Leases allow for additional income administering operating expense pass throughs
Listing Contacts
Listed by Westpac Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,247,257.00
$103,938.08/mo
Valuation Metrics
0
DSCR
5.94%
Cap Rate
5.94%
ROI
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