523 Barcellus Ave, Santa Maria, CA 93454

Marcus & Millichap is pleased to present the medical office property located at 523 Barcellus Avenue in Santa Maria, CA. Constructed in 2000 as a build-to-suit radiology Imaging Center, the 4,335-square-foot building is situated on approximately 0.51 acres and is fully occupied by Radiology Associates of San Luis Obispo (RASLO) under an absolute net lease structure with CPI-based annual rent increases and a corporate guarantee. The lease has approximately 3.5 years remaining, providing stable in-place cash flow backed by an established regional healthcare provider. RASLO, who operates at this Santa Maria location as Digital Medical Imaging (DMI), has been at this site since its build-to-suit construction in 2000, demonstrating a longstanding operational presence at the property. RASLO is the leading radiology provider in the region, serving five hospitals and six outpatient medical facilities across the Central Coast.

Dignity Health, one of the largest nonprofit health systems in the United States and a member of CommonSpirit Health, maintains a partnership interest in the operations of DMI. CommonSpirit Health operates more than 140 hospitals and over 2,000 care sites nationwide, reinforcing the tenant’s institutional alignment and integration within a broader national healthcare network. This DMI location provides comprehensive outpatient imaging services and is highly specialized with two dedicated MRI suites (one High-Field unit and one Medium-Field Open unit), two Mammography/Biopsy suites, and three ultrasound suites. The purpose-built improvements distinguish the Imaging Center as one of the most capable outpatient imaging facilities in the surrounding area.

The property is located along Barcellus Avenue, a central corridor just east of downtown Santa Maria, with convenient access to U.S. Highway 101 and State Route 135. This infill location offers excellent accessibility for patients and referring providers throughout Northern Santa Barbara and San Luis Obispo counties. The combination of a long-standing tenant, institutional healthcare affiliation, specialized medical improvements, absolute net lease structure, and strategic healthcare location positions the offering as a compelling investment opportunity within the outpatient medical sector.