cCARE | Offering Memorandum

Cushman & Wakefield is pleased to offer for sale fee simple (condo) interest in this single-tenant, net-leased (STNL) medical office condo comprised of 20,230 square feet 100% leased through August 2027 by California Cancer Associates for Research and Excellence (cCARE); the largest independent, full- service, private oncology and hematology provider in California. This offering presents an exceptional opportunity to acquire a newly constructed, state-of-the-art facility with “mission-critical” improvements and a dependable stream of income for many years to come. The property is located in an affluent North County suburb of San Diego near the region’s premier hospital campus, Palomar Medical Center Escondido. S U M M A R Y

INVESTMENT SUMMARY

838 Nordahl Road, Suite 300 San Marcos CA 92069 California Cancer Associates for Research and Excellence (cCARE)

Address

Tenant

Ownership

Fee Simple (condo)

Lease Type

Single-Tenant NNN Lease (STNL)

Condo Size

20,230 RSF Medical Office

Lease Expires

August 31, 2027

57,333 RSF Class A Medical Office

Building Type

Condo Construction

2017

cCARE is the largest full-service, private oncology and hematology practice in California, with a long term NNN Lease through 2027.

Parking

5.0/1,000 RSF

PROJECTED YEAR-1 NOI

$825,741 (INC. 5% VACANCY)

$12,100,000 ($598/SF)

ASKING PRICE

6.8%

YEAR-1 CAP RATE

6

CCARE | 838 NORDAHL ROAD, SUITE 300, SAN MARCOS