Santa Barbara Medical Real Estate for Sale

NEW PRICE: $22,000,000 ∙ 5.5% CAP RATE
10-YEAR NNN-LEASED INVESTMENT OPPORTUNITY ∙ TRUE TROPHY ASSET BOASTING A WORLD-CLASS ONCOLOGY AND CLINICAL CENTER FULLY LEASED TO UCLA HEALTH

21,970 SF Class A Medical/Office Building in the heart of Downtown Santa Barbara

Radius Commercial Real Estate is pleased to offer the opportunity to acquire a trophy NNN Leased Healthcare Asset leased to UCLA Health. This facility has undergone an extensive $9M renovation and is UCLA Health’s largest facility in the Greater Santa Barbara area, serving as a state-of-the-art oncology and clinical center. The property features a brand new 10-year NNN lease guaranteed by The Regents of The University of California (credit ratings of AA and Aa2). UCLA Health is ranked the #1 Health System in California, with over 250 locations across Southern California. With hundreds of UCLA physicians listed among the Best Doctors in America and one of the top-rated cancer centers in the United States, this tenant is among the most comprehensive and advanced healthcare providers in the world.