31581 Canyon Estates Dr, Lake Elsinore, CA 92532
10,000 SF | 73% Leased | Office Building | Lake Elsinore, CA 92532 | $3,350,000 ($335/SF) | 5.90% Cap Rate
For Sale
Active
Asking Price $3,350,000
- Property Type
-
Office
- Square Feet
- 10,000 SF
- Price / Square Foot
- $335
Listing Contacts
Jerry Henberger
Janet Anderson
Property Overview
Price Reduction - Introducing Lake Medical Plaza, the premier medical office located at 31581 Canyon Estates Dr., Lake Elsinore, CA 92532. This freeway-frontage property presents a unique investment opportunity in the bustling Riverside County. With a prime location and exceptional features, this 10,000 sq. ft. building is perfect for medical professionals looking to establish or expand their practice.
Situated on .79 acres of land, Lake Medical Plaza offers a leased space with 68% occupancy. Built in 2011, this modern facility boasts a professional and welcoming atmosphere. The property's financial summary showcases its impressive potential, with a purchase price of $3,500,000 and a projected NOI of $291,680 with 100% Occupancy.
The surrounding demographics further enhance the investment appeal of Lake Medical Plaza. Within a 5-mile radius, the population exceeds 122,000 and boasts a median household income of $86,324. With excellent visibility and easy access to major highways, this property offers convenience for patients and practitioners alike.
Don't miss out on this prime investment opportunity at Lake Medical Plaza. Contact our team today to learn more about this exceptional property and secure your place in the thriving medical community of Lake Elsinore.
* Net Operating Income for 2023 is 68% leased.
* At 100% occupancy the cap rate would be approximately over 8%
* Primary tenant pays 100% of the building (modified) NNN.
* Building corp. pays property taxes.
Situated on .79 acres of land, Lake Medical Plaza offers a leased space with 68% occupancy. Built in 2011, this modern facility boasts a professional and welcoming atmosphere. The property's financial summary showcases its impressive potential, with a purchase price of $3,500,000 and a projected NOI of $291,680 with 100% Occupancy.
The surrounding demographics further enhance the investment appeal of Lake Medical Plaza. Within a 5-mile radius, the population exceeds 122,000 and boasts a median household income of $86,324. With excellent visibility and easy access to major highways, this property offers convenience for patients and practitioners alike.
Don't miss out on this prime investment opportunity at Lake Medical Plaza. Contact our team today to learn more about this exceptional property and secure your place in the thriving medical community of Lake Elsinore.
* Net Operating Income for 2023 is 68% leased.
* At 100% occupancy the cap rate would be approximately over 8%
* Primary tenant pays 100% of the building (modified) NNN.
* Building corp. pays property taxes.
Property Details
- Class
- B
- Year Built
- 2011
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 34,412 SF
Highlights
- Medical Office
- Freeway Frontage
- Owner User / Investment
All available spaces
- Space
- 2nd Fl-Ste 210
- Size
- 3,247 SF
- Condition
- Shell Space
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