564 Dora St Ukiah, CA 95482
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Prime Medical Office, 100% Occupancy
Property size:
22,505 SFProperty Features for 564 Dora St
General Information
- Property type
- Medical offices
- Square Feet
- 22,505 SF
- Class
- B
- Lot Size
- 52,708 SF
Building Details
- Year Built
- 1950
- Buildings
- 2
- Stories
- 1
Listing Agency: Artisan Sotheby's Int'l Realty Listing Agent: Rosemarie Corrigan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a stabilized multi-tenant medical office complex in Ukiah, California. The property comprises two single-story buildings totaling 22,505 net rentable square feet, situated on a 1.21-acre lot. Currently boasting 100% occupancy with eight tenants, the property generates a substantial net operating income (NOI) of $180,006, yielding a compelling 6.79% capitalization rate. The asking price is $2,650,000, representing a significant value proposition considering a recent appraisal of $2,850,000 (October 2022). Built in 1950, the Class B property benefits from ample parking (1.2 spaces per 1,000 sq ft) and is zoned CN. The property's location at 564 S Dora St, Ukiah, CA 95482, places it within a desirable residential area. The property includes two parcels (APN: 001-291-33-00, 001-291-29-00) and features a long-term, stable tenancy, previously occupied by the Ukiah General Hospital and now housing quasi-public service providers. A handyman is currently on-site and may be available to continue assisting the new owner. This is a rare opportunity to acquire a well-maintained, income-producing asset in a strong market. The property's history of stable tenancy and recent appraisal support its strong investment potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Patricia Douthwaite
Alternative Medicine Practice
Project Sanctuary
Association / Organization
Gaustad Mimi
Employment Agency
Turner Michael MD
Physician
Valente-Moore Gina
Employment Agency
Location Insight
- Map
- Local Demand
- City
- Ukiah
- County
- Mendocino
- State
- California
- Longitude
- -123.2115987687
- Latitude
- 39.145818636827
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FAQs
What type of property is this?
Medical office - Prime Medical Office, 100% Occupancy
Where is this medical office located?
The property is located at 564 Dora St Ukiah, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Priced below a recent appraisal of $2,850,000 (October 2022).; Multi-tenant medical office building with eight tenants.; Ample parking (1.2 spaces per 1,000 sq ft).
