Description
This building was constructed as part of a medical office condo complex with approx. 10-12 units in the complex. The building is on leased land which is owned by the County of Monterey. The existing tenant (Salinas Valley Medical Clinic Primecare North Salinas) pays all expenses. At the end of the ground lease which terminates in 2037, full ownership of the building will revert to the County. Due to the existing NNN lease, this property will be sold to an investor and not an owner/user. Current lease has annual CPI adjustments not included in total rent shown. Great alternative to an annuity!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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4,943SQFT
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$148$/SQFT
School Ratings & Info
Description
This building was constructed as part of a medical office condo complex with approx. 10-12 units in the complex. The building is on leased land which is owned by the County of Monterey. The existing tenant (Salinas Valley Medical Clinic Primecare North Salinas) pays all expenses. At the end of the ground lease which terminates in 2037, full ownership of the building will revert to the County. Due to the existing NNN lease, this property will be sold to an investor and not an owner/user. Current lease has annual CPI adjustments not included in total rent shown. Great alternative to an annuity!
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Listing provided courtesy of Mike Handley of Town'n Country Realty.