620 E St, Wasco, CA 93280

Property Description

Prime investment opportunity in downtown Wasco. This medical office building has been operating as a chiropractic office downstairs and office space upstairs. This building will be delivered empty and would be the perfect space for an investment or an owner user. The downstairs is approximately 1,523 square feet complete with a reception area, main reception intake, office, multiple exam rooms, an x-ray room, and one bathroom. The upstairs can be a flexible configuration and currently consists of 5 offices and a large central room, a storage area and 2 bathrooms. There are 5 electrical meters and 3 gas meters (with space to add 2 more) which allows for tenants to pay their own utilities. The rear of the property is an asphalt parking lot with ADA compliance handicapped parking. Proforma rents for the downstairs medical office would be $2,000/mo. or $1.31/ft. The upstairs could rent for $1,523 or $1/ft. for a cap rate of 7.38%. Don't miss out on this fantastic opportunity.