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Property profile

2876 Sycamore Dr Simi Valley, CA 93065

OFF-MARKET
Office Spaces
View Sample
26,000 SF

Property summary

AI-generated overview

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

Verified
Property type Office Spaces
Total area 26,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Pediatrician Physician
  • Medical Clinic
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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