435-445 W Poplar St Stockton, CA 95203
For Sale
CBRE is pleased to offer the unique opportunity to purchase the Heritage Professional Center, a freestanding medical building within close proximity to Dameron Hospital. The project was originally developed as four separate office condominiums, three of which have since been physically combined and built-out for an optometry and ophthalmology practice. They feature a functional existing medical layout with a large reception/waiting area, 11 wet exam rooms, multiple restrooms, a lab, breakroom, administrative offices and even a procedure room. The existing improvements are relatively modern and could function for a wide variety of medical uses. The fourth unit has remained physically separated from the other condominiums with autonomous access and could be either expanded into, leased or sold independently. This unit was originally built-out for medical and the current ownership had a full set of plans drawn previously to convert it into a surgery center but it has most recently been used as storage. There are still existing walls, multiple points of plumbing, HVAC/ electrical infrastructure, etc. that could be upgraded to accommodate either medical or professional office uses in the future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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