This Health Care Property is no longer advertised on LoopNet.com.

7500 Portola Rd
Atascadero, CA 93422
Park Place · Health Care Property For Sale · 4,698 SF

Property Facts

Property Type Health Care
Property Subtype
Assisted Living
  • Specialty Schools
  • Specialty Sorority Fraternity House
Building Class B
Lot Size 1.38 AC
Building Size 4,698 SF
No. Stories 1
Year Built 2019
Parking Ratio 1.92/1,000 SF
Zoning RSFZ

About 7500 PORTOLA RD , ATASCADERO, CA 93422

Former Daycare completely renovated with additions into a 15 bed Senior home, memory care facility. 10yr. lease is in place 10574.00/mo. after first three month 6500.00/mo. intro rate. Monthly CAM fees begining at 2267.00 paid to cover property taxes and maintenance. Lease has built in increases throughout the 10yr. lease ending in the 9th yr. at 11,331.00/mo. Which brings the Cap rate to 8.14%. After ten years the lease can be renegotiated and the rent increased as the market permits.

Property Taxes

Property Taxes

Parcel Number
054-085-016
Land Assessment
$382,774
Improvements Assessment
$1,531,102
Total Assessment
$1,913,876
  • Listing ID: 17282451

  • Date on Market: 9/24/2019

  • Last Updated:

  • Address: 7500 Portola Rd, Atascadero, CA 93422

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