350 Posada Lane, Templeton CA, 93465

Sold

350 Posada Lane

Templeton CA, 93465

$7,500,000

$386.60 per sqft

Sold

19,400 sqft

Commercial

Built in 2002

Courtesy of Mark Burnes, Artisan Real Estate Group

A 19,400 sf Class A Medical Office building with 18,765 sf of net rentable space on a 1.3 acre parcel among many other medical facilities and very close to Twin Cities Hospital. The building is 100% leased out - (though Suite 100 has been vacated by the Credit Tenant, LabCorp, the leases run through 2021 and the payments remain timely and current). The property is being offered for sale by the partnership that has owned it since 2002 as the partners are beginning to retire. Offered at a 6% cap rate on current actuals, the property has $3.1m of assumable existing debt that was acquired in March 2018. We invite and will respond to all reasonable offer.NOI $457k - 6% cap rate on current actuals - 5.6% on new owner property tax.

18003391

MLSⓇ ID

February 15, 2024

Updated

Map

350 Posada Lane
Templeton CA, 93465

Interior Features

Total Stories: 2
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Forced Air

Exterior/Building Features

Lot Size: 1.3 Acres
Roof: Tile
Sewer: Public Sewer

Other Property Details

Area Name: 24 - Templeton
Days on Market: 112
Garage: No
View: No
County: San Luis Obispo
Water Source: Public
Pool: No

Listed by Artisan Real Estate Group, Mark Burnes,
Listing Contact: 8054413363

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