Medical Office Investment
523 Barcellus Ave, Santa Maria, CA 93454
Medical office building in Santa Maria, CA, fully leased.
Type:Office
Property size:
4,335 SFLot size:
0.51 AcresPrice / SF:
$945/SF- Added:
- Mar 2, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 16 at 1:48 pm
Property Features for 523 Barcellus Ave
General Information
- Standard status
- Active
- Size
- 4,335 SF
- Lot size
- 0.51 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agent Scott Barrow License #CA 02181418
Listing office Marcus & Millichap - Chicago Downtown
Listing date Mar 2, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
HighLights
- Fully occupied by Radiology Associates of San Luis Obispo (RASLO) under an absolute net lease with CPI‑based annual rent increases and a corporate guarantee, providing stable cash flow.
- RASLO has been at this location since its build‑to‑suit construction in 2000, demonstrating a long‑standing operational presence.
- Tenant RASLO is the leading radiology provider in the region, affiliated with Dignity Health (CommonSpirit Health), a large national healthcare network.
- Purpose‑built 4,335‑square‑foot radiology Imaging Center with specialized medical improvements, including two MRI suites and two Mammography/Biopsy suites.
- Strategic infill location on Barcellus Avenue, offering convenient access to U.S. Highway 101 and State Route 135.
- Property was built in 2000 as a build‑to‑suit radiology Imaging Center.
Overview
The property at 523 Barcellus Avenue in Santa Maria, CA, is a 4,335-square-foot medical office building constructed in 2000 as a build-to-suit radiology Imaging Center. Situated on approximately 0.51 acres, the property is fully occupied by Radiology Associates of San Luis Obispo (RASLO), operating as Digital Medical Imaging (DMI). The tenant is under an absolute net lease structure with CPI-based annual rent increases and a corporate guarantee. The lease has approximately 3.5 years remaining. RASLO has been at this site since 2000 and serves five hospitals and six outpatient medical facilities across the Central Coast. Dignity Health, a member of CommonSpirit Health, maintains a partnership interest in the operations of DMI. This DMI location provides comprehensive outpatient imaging services with two MRI suites (one High-Field unit and one Medium-Field Open unit), two Mammography/Biopsy suites, and three ultrasound suites. The property is located along Barcellus Avenue, just east of downtown Santa Maria, with access to U.S. Highway 101 and State Route 135. This location offers accessibility for patients and referring providers throughout Northern Santa Barbara and San Luis Obispo counties. The property is a compelling investment opportunity within the outpatient medical sector.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Santa Maria
- County
- Santa Barbara
- State
- California
- Longitude
- -120.4289833
- Latitude
- 34.9368261
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FAQs
What type of property is this?
Medical Office Space - Medical office building in Santa Maria, CA, fully leased.
Where is this medical office space located?
The property is located at 523 Barcellus Ave Santa Maria, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Fully occupied by Radiology Associates of San Luis Obispo (RASLO) under an absolute net lease with CPI‑based annual rent increases and a corporate guarantee, providing stable cash flow.; RASLO has been at this location since its build‑to‑suit construction in 2000, demonstrating a long‑standing operational presence.; Tenant RASLO is the leading radiology provider in the region, affiliated with Dignity Health (CommonSpirit Health), a large national healthcare network.
