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Office Medical

The Oncology Institute

430 W Stetson Ave, Hemet, CA 92543

Listing Price: $4,100,000

Cap Rate
6.81%
Gross SF
8,594
Rentable SF
8,594
Price/Gross SF
$477.08
Occupancy
100.0%
Year Built
2002
Lot Size
0.80 acres

Investment Overview

Marcus & Millichap is pleased to present 430 W. Stetson Avenue, Hemet, California. The building was constructed in 2002 and undergone a complete renovation in 2020. The building comprised of 9,057 square feet situated on 0.8 acres. The building is fully occupied by two tenants operating under modified gross lease agreements, which include 3 percent annual rental escalations. Rezolut Centrelake MSO, LLC occupying 76.6 percent of the gross leasable area (GLA), is a fullservice, all-digital radiology network in Southern California. Established in 2006 in Ontario, California, by a team of experienced medical practitioners, the practice provides high-quality, affordable diagnostic imaging services. Over the years, Rezolut Centrelake MSO, LLC Imaging has built a strong reputation for exceptional patient care, supported by advanced technology and the expertise of highly skilled radiology professionals, and approximately 40 Imaging Centers.

The Oncology Institute of Hope and Innovation (TOI), founded in 2007, occupies the remaining portion of the building and is transforming oncology care through its value-based, highly specialized services. TOI provides evidence-based care to over 1.8 million patients, offering clinical trials, transfusions, and other advanced care delivery models typically associated with leading institutions. With more than 100 employed clinicians and 800+ teammates across 70 plus clinic locations, TOI is reshaping oncology care in community settings.

Investment Highlights

  • Fully-Leased Medical Asset
  • Modified Gross Lease Structures
  • WALT - 5.96 Years
  • Attractive 3 Percent Annual Rental Increases

Exclusively Listed By

Broker of Record

  • Tony Solomon

    Senior Vice President/District Manager

    (310) 909-5450

    License(s) CA: 01238010

    California

Financing By

Office Medical

The Oncology Institute

Listing Price: $4,100,000

Cap Rate
6.81%
Gross SF
8,594
Rentable SF
8,594
Price/Gross SF
$477.08
Occupancy
100.0%
Year Built
2002
Lot Size
0.80 acres

Investment Highlights

  • Fully-Leased Medical Asset
  • Modified Gross Lease Structures
  • WALT - 5.96 Years
  • Attractive 3 Percent Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present 430 W. Stetson Avenue, Hemet, California. The building was constructed in 2002 and undergone a complete renovation in 2020. The building comprised of 9,057 square feet situated on 0.8 acres. The building is fully occupied by two tenants operating under modified gross lease agreements, which include 3 percent annual rental escalations. Rezolut Centrelake MSO, LLC occupying 76.6 percent of the gross leasable area (GLA), is a fullservice, all-digital radiology network in Southern California. Established in 2006 in Ontario, California, by a team of experienced medical practitioners, the practice provides high-quality, affordable diagnostic imaging services. Over the years, Rezolut Centrelake MSO, LLC Imaging has built a strong reputation for exceptional patient care, supported by advanced technology and the expertise of highly skilled radiology professionals, and approximately 40 Imaging Centers. The Oncology Institute of Hope and Innovation (TOI), founded in 2007, occupies the remaining portion of the building and is transforming oncology care through its value-based, highly specialized services. TOI provides evidence-based care to over 1.8 million patients, offering clinical trials, transfusions, and other advanced care delivery models typically associated with leading institutions. With more than 100 employed clinicians and 800+ teammates across 70 plus clinic locations, TOI is reshaping oncology care in community settings.

Exclusively Listed By

Broker of Record

  • Tony Solomon

    Senior Vice President/District Manager

    (310) 909-5450

    License(s): CA: 01238010

    California

Financing By

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