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PROPERTY DESCRIPTION
3900 Geer Road presents a fully leased medical office 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, and insurance, while approximately 60% of the property’ s initial base rental income bene ?ts 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 ?ow and long-term income stability.
LOCATION DESCRIPTION
Located in Turlock, the property bene?ts 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.
TENANT DESCRIPTION
Community Health Centers of America (“CHCA”) is a California-based 501(c)(3) nonpro?t healthcare organization and Federally Quali?ed 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 ?nancial performance, broad healthcare platform, and long-term commitment to the property provide investors with a compelling healthcare tenancy.