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Investment Highlights

  • Most desired entire first floor location.
  • Medical office condo for sale/lease.

Executive Summary

Three story medical office building. Building is subject to ground lease (Simi Adventist Hospital is the Lessor) with a term through the end of 8/31/2046 (23 years remaining). Ground lease requires the Lessor to purchase the building at FMV at the end of the lease. Available now.

1 Unit Available

Unit 101

Unit Size 9,216 SF
Price $4,239,870 CAD
Price Per SF $460.06 CAD
Condo Use Medical
Sale Type Owner User
Description

Most-desired first floor location.

Sale Notes

Well positioned for medical use(s) across the street from Simi Adventist Hospital. 19 exam rooms, 10 doctor offices, two consult/offices, waiting room. Nurse station billing clerks office, staff room, four staff bathrooms. Two pedes rooms, two O.P. treatment rooms, one radiology. One cardio pulm lab, one lab, two cardio exam rooms, one cast room, and five patient bathrooms. Former tenant (Simi Valley Hospital and Health Care Services) was paying $3.01/sf, NNN.

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 27,648 SF
Property Type Office (Condo)
Property Subtype Medical
Building Class A
Floors 3
Typical Floor Size 9,216 SF
Year Built 1985
Lot Size 1.75 AC
Parking Ratio 2.89/1,000 SF
Zoning CO, Simi Valley - Medical Condo

Amenities

  • Signage
  • Storage Space
  • Central Heating
  • Reception
  • Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
  • Listing ID: 25691921

  • Date on Market: 2022-05-12

  • Last Updated:

  • Address: 2876 Sycamore Dr, Simi Valley, CA 93065

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