Jim Kent<br />Jessica Kent

Jim Kent
Jessica Kent

(415) 710-0322
Jim
(415) 328-4835
Jessica
(415) 381-7380
Office

RE/MAX GOLD

591 Redwood HWY
Suite 1100
Mill Valley, CA 94941

(415) 381-7380

15145 Lakeshore Drive, Clearlake, CA 95422

SOLD

|Commercial|10,000 ft²
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NNN Lease with 8% cap rate.

Property Info
Status:Sold
MLS #:22033662
Type:Commercial
Size:10,000 ft²
Features
  • Clearlake Single Tenant Building Lease - Triple Net lease with 8% cap rate.
  • 100% occupied medical/office building - Single tenant is U.S.Government – Veteran’s Administration
  • Present Tenant occupancy has 10 year lease history - Renewed in 2020 for additional 3 years
  • 10,000 square foot single story built-to-suit in 2010 - Winter 2020 appraised valuation $3,000,000
  • 22 private offices 9 exam rooms 2 conference rooms - ADA compliant throughout including staff and patient restrooms.
Remarks

A longtime owner is retiring and selling newer excellent fully leased medical/office building.  

It’s a triple net (NNN) lease. The current tenant, “VA” Veteran’s Administration Clinic, has leased for the past 10 years and just signed an additional 3-year lease. The “VA” Veteran's Administration Clinic is the one and only government tenant which makes it ideal for easy management. This premier building is one-story, and stand-alone with its single tenant. 

A prime medical/office commercial building in a highly visible location that includes approximately 10,000 sq.ft. building situated on 1.5 acres. 

Recent major investments were made to update and expand the existing building to suit recent needs. ADA compliant, sprinklered, upgraded electrical, plumbing, and building systems, quality interior finishes and upgrades made throughout.

This build-to-suit was completed in 2010 with 22 private offices. 9 exam rooms. Large open entry reception desk area. Beautiful spacious front entry waiting room with security station area. Client restrooms for women, men, and unisex. Staff restrooms for women, men, and unisex. One large conference room and 2nd smaller conference room. Centrally located nursing station. Staff kitchen with lounge area. Copy and supply room. Several supply/storage rooms. Electronic server room, PG&E room, and sprinkler utility room. Covered outdoor employee break area with tables and sitting areas. Abundant parking supports a variety of uses. 


This property is ideal for a 1031 exchange, investor looking for passive income with a financially stable tenant or a future owner/user. Great 8% cap rate which is an exceptionally good return on investment.


General Information
Zoning:
Commercial
Cross Street:
Old Hwy 53
APN:
040-330-410-000
County:
Lake
Subdivision:
Clearlake
Area Amenities:
Lake recreation
Building Details
Year Built:
rebuilt 2010
# of Stories:
1
Roof Type:
Flat
Style:
Commercial
Heating/Ventilation:
Forced Air
Air Conditioning:
Yes
Sewer:
Public
Water:
Local
Foundation:
Slab
Commercial Details
Cap Rate:
8%
Zoning:
Commercial
# of Units:
1
Amenities
  • Alarm System
  • Automatic Sprinklers
  • Ceiling Fan(s)
  • Central A/C
  • Hardwood Floors
  • Remodeled Throughout
  • Sprinkler System
  • Storage Area
  • Storage Shed
  • Tile Floors
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