For Sale
$2,650,000

564 Dora StUkiah, CA 95482

Prime Medical Office, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a stabilized multi-tenant medical office complex in Ukiah, California. The property comprises two single-story buildings totaling 22,505 net rentable square feet, situated on a 1.21-acre lot. Currently boasting 100% occupancy with eight tenants, the property generates a substantial net operating income (NOI) of $180,006, yielding a compelling 6.79% capitalization rate. The asking price is $2,650,000, representing a significant value proposition considering a recent appraisal of $2,850,000 (October 2022). Built in 1950, the Class B property benefits from ample parking (1.2 spaces per 1,000 sq ft) and is zoned CN. The property's location at 564 S Dora St, Ukiah, CA 95482, places it within a desirable residential area. The property includes two parcels (APN: 001-291-33-00, 001-291-29-00) and features a long-term, stable tenancy, previously occupied by the Ukiah General Hospital and now housing quasi-public service providers. A handyman is currently on-site and may be available to continue assisting the new owner. This is a rare opportunity to acquire a well-maintained, income-producing asset in a strong market. The property's history of stable tenancy and recent appraisal support its strong investment potential.

Highlights

  • Priced below a recent appraisal of $2,850,000 (October 2022).
  • Multi-tenant medical office building with eight tenants.
  • Ample parking (1.2 spaces per 1,000 sq ft).
  • Includes two parcels (APN: 001-291-33-00, 001-291-29-00).
  • Desirable residential location in Ukiah, CA.

Property Details for 564 Dora St

Property type
Office properties, Medical offices
Square Feet
22,505 SF
Class
B
Year Built
1950
Buildings
2
Stories
1
Lot Size (sq. ft)
52,708 SF

Location Insight

City
Ukiah
County
Mendocino
State
California
Latitude
39.145818636827
Longitude
-123.2115987687
564 Dora St, Ukiah, California

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564 Dora St
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