Property summary
This exceptional 26,000 square foot Class B medical office condominium in Simi Valley, California, presents a compelling investment opportunity. Located at 2876 Sycamore Drive, 93065, this multi-tenant property boasts a modified lease structure and offers ample parking at a ratio of 3.08 spaces per 1,000 square feet. The building benefits from a long-term land lease with over 22 years remaining, including options, ensuring a stable investment for years to come. Its strategic location provides outstanding access to the 118 Freeway, enhancing convenience for both patients and staff. Furthermore, the property enjoys immediate adjacency to Adventist Health Simi Valley Hospital, creating a synergistic environment within a thriving medical corridor. Numerous walkable retail amenities further enhance the property's appeal and contribute to its overall value. The asking price for this well-positioned medical office building is $531,800. This represents a rare chance to acquire a substantial and well-maintained medical office property in a high-demand area of Ventura County. The property's strong tenant base and convenient location make it an ideal investment for both seasoned and emerging investors in the healthcare real estate sector. Don't miss this opportunity to secure a valuable asset in a rapidly growing market.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Medical Clinic
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Pediatrician Physician
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Medical Clinic
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Medical Clinic
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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