The Subject Property is a medical-office building on Atlantic Avenue in Lynwood, California. According to public record, the building measures approximately 2,500± square feet in building size and is situated on nearly 7,000 square feet of land. The property fronts Atlantic Avenue and has nearly 75’ of frontage on this busy retail thoroughfare. The property has a significant amount of parking in the rear, with private gated access and ingress through the alley.

Historically, the building was home to a state licensed drug treatment clinic, where treatment and medicine was administered. Recently the tenant moved to a larger property and the asset is now available for sale.

From an investment standpoint, assuming a modest base rent of $3,000 per month on a triple-net basis, will produce a 5.5% cap rate for an investor. At $3,000 per month the monthly rent is $1.33 per square foot, which in our opinion, is a conservative estimate for a medical facility.