Medical Office Investment
For Sale
Contact for pricing
523 Barcellus Ave, Santa Maria, CA 93454
Medical office building in Santa Maria, CA, fully leased.
Property Size4,335 SF
Lot Size0.51 Acres
Price / SF$893.89
Days on Market162
Property Features for 523 Barcellus Ave
General Information
Standard status
Active
Size
4,335 SF
Class
B
Lot size
0.51 Acres
Property subtype
Retail, Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$232,500
Building Details
Year Built
2000
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 787-0666
Listed By:
Scott Barrow · License #CA 02181418
Source:
Crexi
Added: Mar 2
Changed: Aug 10
Last Checked: Aug 11 at 6:22AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93454, CA
40,994
Population
12,413
Households
3.3
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
418.3 sq mi
ZIP Area
98
Density / Sq Mi
$84,178
Median Household Income
$34,883
Median Earnings
$1,750
Median Rent
$477,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $3,875,000.
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.
