Medical Office / Surgery Center
Office | 6.00% CAP | 10,233 SqFt
Marketing description
10,233 SF Medical / Surgery Center | 1.07 AC | Prime Howe Ave Frontage | Owner-User + Investment Opportunity.
Single-story medical / surgical facility totaling 10,233 SF with a dedicated overflow parking lot offering 120′ of Howe Avenue frontage. Delivered vacant—ideal for owner/user or investor seeking to re-tenant at market rent (~$15 K/month, $180 K annual NOI potential).
75 Scripps Drive presents an outstanding opportunity for a medical group, surgery practice, or healthcare investor seeking a premier location in Sacramento’s established Scripps Drive medical corridor. The offering includes the adjacent parcel at 70 Scripps Drive (APN: 295-0370-015-0000), providing a combined 1.07 acres of land with 120 feet of prominent frontage along the highly trafficked Howe Avenue thoroughfare.
The property consists of a single-story, ± 10,233 SF medical office / surgery center built for high-acuity medical use and supported by a massive diesel backup generator and abundant parking, including a front-row lot and a full overflow lot across 70 Scripps Drive. The facility is ADA-accessible, features ground-level entry (no stairs), and is surrounded by a concentration of established medical and professional offices near California State University Sacramento and the U.C. Davis Health system.
Previously leased for $15,000 per month ($180,000 annualized), the property offers both immediate owner-user functionality and strong investment fundamentals, with a pro-forma 6% CAP rate at market rents. Delivered vacant at close, this asset represents a rare chance to secure a strategically located, surgery-capable facility in one of Sacramento’s most recognizable medical corridors—ideal for a medical owner/operator, specialty practice, or investor seeking stable healthcare tenancy potential.
Investment highlights
Attractive Pro Forma Returns: Market rent potential of ±$180,000 annual NOI supports an estimated 6.0% CAP Rate at the asking price of $2,999,000.
Desirable Medical Asset Class: Healthcare-related real estate remains among the most resilient and recession-resistant sectors, offering long-term income stability.
Owner-User or Investor Flexibility: Delivered vacant—ideal for a medical group seeking occupancy or an investor looking to re-tenant and capture stabilized income.
Prime Sacramento Submarket: Situated within the established Scripps Drive medical corridor near California State University Sacramento and UC Davis Health.
Two-Parcel Offering: Includes adjacent overflow parking parcel (70 Scripps Dr) totaling 1.07 acres with 120′ of frontage along Howe Avenue.
Strong Visibility & Access: Excellent signage exposure and convenient access to Hwy 50, downtown Sacramento, and major regional hospitals.
High Barrier-to-Entry Location: Limited supply of surgery-capable medical buildings with this frontage and parking ratio in central Sacramento.
Healthcare Demand Drivers: Growing regional population, aging demographics, and expanding UC Davis Health network sustain long-term tenant demand.
Institutional Exit Potential: Once stabilized, property may qualify for recapitalization or 1031 exchange into core medical portfolios
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