3615 Las Posas Road, Suite F100 | Camarillo, CA

Status: For Sale
Property Type: Single-Tenant NNN Leased Medical Office Condo
Price: $3,750,000
Condo Size: 4,800
Price/SF: $781
Cap Rate: 6.03%
Term Remaining: 9 Years

Marcus & Millichap is pleased to exclusively market for sale 3615 Las Posas Road, Suite F100 (the “Property”), a 4,800 square-foot, Single-Tenant, Net Leased medical office condo located in the affluent Southern California community of Camarillo, CA.  

Built in 1982, the Property recently underwent an extensive renovation, including tenant improvements valued at over $1,300,000. The Property is currently leased to West Dermatology Management Holdings, LLC and Affiliates, one of the regions largest dermatology groups, on a long term, absolute triple net basis. Three percent (3%) fixed annual escalations provide buyers with a strong, stable cash flow hedged for inflation.  

The property is strategically located within the Dos Caminos Medical Plaza, a diverse medical, professional office, and retail center positioned adjacent to St. John’s Pleasant Valley Hospital, the city’s largest hospital. The site has excellent visibility from the signalized corner at Las Posas Road and Ponderosa Drive, two of the main thoroughfares in Camarillo, with approximately 7,200 vehicles per day.

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 3615 Las Posas Road