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100% Leased Medical Investment | New 15-Year Leases

$7,500,000

3900 Geer Rd, Turlock, CA 95382

Active
Last Updated: 09/16/2026

21,480 sqft

Building Size

1.53 acres

Lot Area

Details:
Building Size:    21,480 sqft
Lot Area:    1.53 acres
Class:    B
Units:    2
Year Built:    2006
Highlights:
  • 100% Occupied Medical Investment
  • New 15-Year Lease Terms
  • $503,790 Year 1 Contractual Base Rent
  • 6.18% Year 1 Cap Rate
  • Contractual Income Growth
  • Tenant Expense Reimbursements
  • Significant Medical Buildout & Tenant Investment
Description:

3900 Geer Road presents a stabilized medical investment opportunity in Turlock, California. The 21,480-square-foot building is 100% occupied under two newly executed 15-year medical leases, generating $503,790 in Year 1 contractual base rent. The leases provide for tenant reimbursement of real estate taxes, insurance and certain operating expenses, while approximately 60% of the property’s initial base rental income benefits from 2.5% annual rent increases. The combination of long-term medical occupancy, contractual income growth and substantial existing medical improvements provides investors with durable cash flow and long-term income stability.

Located in Turlock, the property benefits from a strategic Central Valley location within one of Stanislaus County’s principal employment and commercial centers. Turlock is positioned along Highway 99 and is home to approximately 73,100 residents, with more than 640,000 people within a 20-mile radius. The local economy is supported by healthcare and medical services, education, manufacturing, agriculture and logistics, while nearby California State University, Stanislaus provides an important regional employment and workforce anchor. Turlock’s established healthcare sector, regional accessibility and growing population base support the long-term fundamentals of the property’s medical use.

Community Health Centers of America (“CHCA”) is a California-based 501(c)(3) nonprofit healthcare organization and Federally Qualified Health Center Look-Alike operating a growing network of primary and specialty care facilities throughout California. CHCA has demonstrated substantial organizational growth, with reported revenue increasing from approximately $0.8 million in 2020 to $41.9 million in 2024, including approximately 91% year-over-year growth from $22.0 million in 2023. According to its latest available 2024 Form 990, CHCA reported approximately $43.6 million in total assets, $17.7 million in net assets, and $12.5 million in revenue in excess of expenses. The organization reported approximately 228 employees and operates more than 10 clinic and service locations throughout California, with continued expansion including its commitment to the subject Turlock facility. CHCA’s expanding geographic footprint, strong recent financial performance, broad healthcare platform, and long-term commitment to the property provide investors with a compelling healthcare tenancy.

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