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44725 10th St W - Suite 150-Sierra Medical Plaza 1,971 SF Medical Condo Unit Offered at $794,955 CAD in Lancaster, CA 93534
Investment Highlights
- NNN Lease
- Prime Location
- Income producing with tenant in place
- Options to Extend
- Strong Long Term Tenant
Executive Summary
Sierra Medical Plaza is strategically located along 10th Street West, one of Lancaster’s established medical and professional corridors. The property offers convenient access to Downtown Lancaster and The BLVD, surrounding medical and professional services, restaurants, shopping, and other amenities. Convenient access to the Antelope Valley Freeway (SR-14) provides excellent connectivity throughout Lancaster, Palmdale, and the greater Antelope Valley. This offering presents an opportunity for an investor seeking an income-producing medical office asset with an established healthcare tenant and a 7.03% going-in cap rate.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | 1031 Exchange |
| Cap Rate | 7.03% | APN/Parcel ID | 3122-016-035 |
| No. Parking Spaces | 10 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| No. Parking Spaces | 10 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 3122-016-035 |
Description
This 1,971± SF medical office condominium features a highly functional clinical layout designed to support an established healthcare operation. The suite includes a large patient waiting room, dedicated reception area, multiple clinic/exam and treatment rooms, several with existing sinks and cabinetry, along with additional support rooms that can accommodate administrative, clinical, or storage functions. The floor plan also features an eat-in kitchen/break room, dedicated storage area, two restrooms, a spacious central hallway for efficient patient and staff circulation, and multiple points of access throughout the suite. The existing medical configuration provides a well-organized separation of patient reception, clinical, staff, and support areas, making this a valuable purpose-built medical asset with an extensive existing buildout. Currently occupied by RadNet, the condominium offers investors an established medical-office configuration with strong long-term functionality for healthcare use.
Sale Notes
Commercial Brokers Group is please to present this excellent opportunity to acquire an income-producing medical office condominium occupied by RadNet, a leading national provider of outpatient diagnostic imaging services. Located within the established Sierra Medical Plaza at 44725 10th Street West in Lancaster, this investment is being offered at an attractive 7.03% cap rate, providing an investor the opportunity to acquire a stabilized medical asset with an established healthcare tenant in place. The approximately 1,971 SF suite features an extensive medical buildout including a large waiting room, reception area, multiple clinic/exam and procedure rooms, kitchen/break area, storage, private and patient restrooms, and additional support spaces. The functional existing layout and specialized medical improvements enhance the long-term utility and releasability of the space. Ideally situated along Lancaster’s prominent 10th Street West medical and professional corridor, the property offers convenient access to Downtown Lancaster, The BLVD, nearby medical services, shopping and dining, as well as easy connectivity to the Antelope Valley Freeway (SR-14). An attractive opportunity for investors seeking stable medical-office real estate, an established national healthcare tenant, and a strong 7.03% going-in cap rate in the growing Antelope Valley market.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 150 | 1,971 SF | Medical | $794,955 CAD ($403.33 CAD/SF) | $55,852.27 CAD |
Unit 150
| Unit Size |
| 1,971 SF |
| Condo Use |
| Medical |
| Price |
| $794,955 CAD ($403.33 CAD/SF) |
| NOI |
| $55,852.27 CAD |
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Unit 150
| Unit Size | 1,971 SF |
| Condo Use | Medical |
| Price | $794,955 CAD ($403.33 CAD/SF) |
| NOI | $55,852.27 CAD |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| No. Parking Spaces | 10 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 3122-016-035 |
| Description | |
| This 1,971± SF medical office condominium features a highly functional clinical layout designed to support an established healthcare operation. The suite includes a large patient waiting room, dedicated reception area, multiple clinic/exam and treatment rooms, several with existing sinks and cabinetry, along with additional support rooms that can accommodate administrative, clinical, or storage functions. The floor plan also features an eat-in kitchen/break room, dedicated storage area, two restrooms, a spacious central hallway for efficient patient and staff circulation, and multiple points of access throughout the suite. The existing medical configuration provides a well-organized separation of patient reception, clinical, staff, and support areas, making this a valuable purpose-built medical asset with an extensive existing buildout. Currently occupied by RadNet, the condominium offers investors an established medical-office configuration with strong long-term functionality for healthcare use.</li></ul> | |
| Sale Notes | |
| Commercial Brokers Group is please to present this excellent opportunity to acquire an income-producing medical office condominium occupied by RadNet, a leading national provider of outpatient diagnostic imaging services. Located within the established Sierra Medical Plaza at 44725 10th Street West in Lancaster, this investment is being offered at an attractive 7.03% cap rate, providing an investor the opportunity to acquire a stabilized medical asset with an established healthcare tenant in place. The approximately 1,971 SF suite features an extensive medical buildout including a large waiting room, reception area, multiple clinic/exam and procedure rooms, kitchen/break area, storage, private and patient restrooms, and additional support spaces. The functional existing layout and specialized medical improvements enhance the long-term utility and releasability of the space. Ideally situated along Lancaster’s prominent 10th Street West medical and professional corridor, the property offers convenient access to Downtown Lancaster, The BLVD, nearby medical services, shopping and dining, as well as easy connectivity to the Antelope Valley Freeway (SR-14). An attractive opportunity for investors seeking stable medical-office real estate, an established national healthcare tenant, and a strong 7.03% going-in cap rate in the growing Antelope Valley market.</li></ul> |
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 | 29,802 SF | Typical Floor Size | 14,901 SF |
| Property Type | Office (Condo) | Year Built | 1983 |
| Property Subtype | Medical | Lot Size | 3.01 AC |
| Building Class | B | Parking Ratio | 2.35/1,000 SF |
| Floors | 2 | ||
| Zoning | C-Commercial - Flexible Commercial Zoning for a variety of professional office and medical users! | ||
| Total Building Size | 29,802 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 14,901 SF |
| Year Built | 1983 |
| Lot Size | 3.01 AC |
| Parking Ratio | 2.35/1,000 SF |
| Zoning | C-Commercial - Flexible Commercial Zoning for a variety of professional office and medical users! |
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Outdoor Seating
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
NNN Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| First Valley Medical Group |
-
|
August 2024
|
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44725 10th St W - Suite 150-Sierra Medical Plaza
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