1970 Lake Blvd
Office | 10,255 SqFt
Marketing description
THE BUILDING
The building offers tenants and or buyers the opportunity to expand their business based on a variety of different uses such as, medical office, physical therapy, and R&D office for biotech company. The subject property is very attractive, with high regional visibility. Lake Boulevard is a minor traffic arterial north to Woodland and south Lake Boulevard is a major arterial in the Stonegate Neighborhood and leads to the UCD Campus.
THE REGION
Ideally situated between Sacramento and the San Francisco Bay Area is the beautiful business friendly community of Davis. The City of Davis offers abundant affordable retail space, easy freeway access, rail, and new infastructure improvements designed to accommodate both residential and commercial projects. Davis is on Interstate 80 and State Highway 113, close to both Sacramento and the Bay Area regions. The City features reasonable retail prices, and an educated workforce (UC Davis). Davis is a perfect place for an expanding company to relocated to, or an out of state business looking to establish business in the California marketplace.
Covell Boulevard is a major arterial heading east west through the heart of Davis that Sutter Davis Hospital fronts as well as Davis High School and Community Park ultimately connecting on the east with Mace Boulevard and I-80. Going west, Covell provides a connection for cars and bicycles to go to Winters and on to Lake Berryessa. This is a very unique offering in Davis that is priced well below replacement cost.
Investment highlights
- The property is located in Stonegate subdivision in West Davis at the corner of W. Covell and Lake Boulevards. There are a diverse mix of institutional, small business, and residential users nearby. The subject property is minutes from the Highway 113 on and off ramps that connect to Interstate 80 and 5. 2 miles from UC Davis campus and just 2.5 miles from downtown Davis, including the Farmer's Market and City Hall.
- Ample parking with convenient ingress and egress on to Lake Blvd and Covell Blvd.
- Street visible location located in the developing West Davis community.
- 1-story building with a mix of large open spaces as well as 13 private offices, restrooms, break area and storage. Currently configured for a mix of private music lessons in private office, a recital hall, break area, repair, storage, and showroom.
- The asking sale price is $2,225,000 Asking Lease Rate: $1.90 NNN
- Single User or Multi-Tenant Commercial Building.
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