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
UpdatedJune 25th, 2025
TypeOffice
Price$600,000
Building10,076 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


Financials



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