7500 Portola Road, Atascadero, CA 93422
Commercial property · 2 recorded sales since 2017
Sold November 2019
Listing Agent: Thomas Carter (DRE #01723854) · Listing Office: The Real Estate Office · Contact: 805-541-8888 · Bought with: Steve Davis · Stafford-McCarty Commercial RE · MLS #SP19227595 · Source: CRMLS
About this commercial property
This project is a senior care home memory care facility, that was built from a 1956 building that used to be a daycare center. It has a new conditional use permit from the City of Atascadero. there is currently a 10 year lease in place with a lessee that has been running Senior care facilities in Atascadero for the last 20yrs. It is a triple net net lease. All expenses are paid by the tenant and it is grossing 10,574.00/mo. The first three months are an introductory rate of 6500.00 for the tenant to get up and running. There are monthly CAM fees of 2267.00 which are for property taxes and expensis. This amount can be adjusted as needed to pay for the maintenance of the facility. The structure is 4000sf upstairs and a 600sf basement for storage or office space. The structure has been completely renovated and brought up to current 2019 codes, and is ADA compliant as required.
Listing description from the November 2019 sale, as reported to CRMLS.
Sale history
