3907 Waring Road, Oceanside, CA
Office for Sale - $600,000 - 10,076 Sq. Ft.
Agent Info
Mie Kim Coldwell Banker Realty |
Property Info
CIMLS# | 1174045 |
Location 3907 Waring Road Oceanside CA 92056 | |
Updated | June 25th, 2025 |
Type | Office |
Price | $600,000 |
Building | 10,076 Sq. Ft. |
Property Description
Extremely RARE type of Ground Lease Agreement NNN Ground lease with 24 years left Fully leased to medical specialist (Oncologist etc) Medical Building located alongside the Tri-City Medical Hospital and Tri-City Medical Park 10,076 Sq ft Medical Building Managed by ShareMD Current rent with no increase for 24 years is significantly lower than market rent (Currently recieving around 10% of the market value rent) HUGE UPSIDE POTENTIAL AFTER 24 YEARS Perfect for buyers who want to purchase now and looking far ahead for a huge incentive later on although no increase of rent during the 24 years Originally 75 years Ground lease with 24 years left until lease runs out on 2/27/2059 Tenant pays for everyting, Landlord collects approximately $2,500 per month net for the next 24 years As a back up safety, during the lease term until 2059, tenants have the first right of refusal to purchase at a set high- price