Deer Valley Professional Center
PRIDE OF OWNERSHIP! | 7.46% CURRENT CAP | 10.29% PROFORMA FULLY LEASED
Marketing description
Introducing a rare opportunity to acquire a trophy property at 5249 Deer Valley Road, in Antioch, CA. This immaculately well-kept medical/dental office building offers excellent curb appeal and a stable investment in the highly sought-after dental/medical asset class. With a total rentable area of 24,638 square feet and a diverse tenant mix, this property provides a unique chance to benefit from a stabilized asset with room for growth. Currently 83% leased to nine tenants, the three tenants expiring in the next twelve months have all submitted their exercise of options. Additionally, there are two vacant units with dental buildouts, and one unit with traditional spec office, offering a future owner with minimal tenant improvement expenses. Conveniently located just one mile from Kaiser Permanente Hospital and near major freeways, this property is ideally situated for medical professionals. The nearby presence of Brentwood, Concord, and Walnut Creek further enhances its desirability. Recent capital expenditure items and improvements include a new Pelican HVAC controller, updated fire sprinkler heads, and a parking lot slurry coat. The property's 1.08-acre lot size and a 4.6/1000 SF parking ratio add to its value. Don't miss out on the opportunity to acquire this trophy asset at 5249 Deer Valley Rd. Contact us today to learn more and make this exceptional property a part of your investment portfolio.
Investment highlights
TROPHY MEDICAL/DENTAL BUILDING!
IMMACULATELY WELL-KEPT
UPSIDE IN UNACCOUNTED-FOR RENTABLE SF (5,167 RSF NOT ON CURRENT LEASES)
7.46% CAP RATE (CURRENT)
10.29% CAP RATE (PROFORMA)
83% LEASED (12 SUITES TOTAL, 2 VACANT SUITES
2 CELL PHONE TOWERS
DIVERSIFIED TENANT MIX BETWEEN DENTAL/MEDICAL USES
DIVERSIFIED SUITE SIZES RANGING FROM 574 SF TO 3,407 SF W/ AN AVG SUITE SIZE OF 1,607 SF
RECENT CAPEX ITEMS COMPLETED (PELICAN HVAC CONTROLS, FIRE SPRINKLER HEADS, PARKING LOT SLURRY COAT)
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