Medical Condo Portfolio Sale at the desirable Pomerado Medical & Dental Center in Poway, CA. The five condos equal 15,029 sq. ft. and consist of a surgery center, orthopedic surgeon, admin. office, imaging center and physical therapy center. Four of the leases are until 2036 with the 5th condo leased through 2017 with one five year option. 7.1% Cap Rate. Excellent Investment!
In the I-15 corridor and near the 56 freeway, Pomerado is right in front of the Pomerado Hospital and Outpatient Pavilion making it a very desirable and prime location for the medical and dental community.
Property Highlights
• Medical and dental condominium suites with quality tenants and improvements
• Prime location next to the Pomerado Hospital and Outpatient Pavilion on busy corner of Pomerado Road
• Close to the 15 and 56 freeways
• Excellent demographics with a rapid growth in population
• Excellent mix of medical and dental professionals
• 4/1,000 Parking Ratio
• Campus-like setting
• Elevator served
Investment Highlights
• Long-term Arch Health Partners leases in place
• 2 OR’s in Outpatient Surgery Center operated by Amsurg
• 7.1% Cap Rate
• High demand medical and dental buildings
• Over 100 physicians on property
• 3% rent increases annually with operating expense stops
- Property Type
Medical Office
- Submarket
- Year Built
1980
- Total Building Size
16,837RSF
- Total Acres
3.54
- Number of Floors
2
- Number of Buildings
5
- Typical Floor
851RSF
- Building Class
B
- Zoning
CH
- Property ID
65672
