Investment Overview
3900 Geer Road presents a stabilized medical investment opportunity in Turlock, California. The 21,480-square-foot building is 100% occupied under two newly executed 15-year medical leases, generating $503,790 in Year 1 contractual base rent. The leases provide for tenant reimbursement of real estate taxes, insurance and certain operating expenses, while approximately 60% of the property’s initial base rental income benefits from 2.5% annual rent increases. The combination of long-term medical occupancy, contractual income growth and substantial existing medical improvements provides investors with durable cash flow and long-term income stability.
Investment Highlights
- 100% Occupied Medical Investment
- New 15-Year Lease Terms
- $503,790 Year 1 Contractual Base Rent
- 6.18% Year 1 Cap Rate
- Contractual Income Growth
- Tenant Expense Reimbursements
- Significant Medical Buildout & Tenant Investment