Medical Office Appraisal – Condo Unit in San Marcos

Medical Office Appraisal – Condo Unit in San Marcos

 

Within the last 12 months, West Valuation has provided appraisals for three separate medical office condo units within Park Place South, located in the City of San Marcos. The three-story building was built in 2008 during the recession and consists of 13 units totaling 24,396 square feet. The building features primarily medical related businesses such as dentists and doctors.  The units available for sale were in cold shell condition allowing the potential buyer / owner-user to configure the interior as desired.  Each appraisal required an As-Is and As-Complete market value. The commercial appraisal services were provided for loan underwriting purposes for a lender.