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30016448
30016447

3840 Watt Avenue, Sacramento, CA 95821

RP
CA 01364897, CA
RE/MAX Gold Commercial
Listed by RE/MAX Gold Commercial
$1,500,000
102 days on market
Updated 42 days ago

Owner-User or Investor Sacramento Medical Office Building

Details
APN 255-0031-039-0000
Property Type Office
Sub Type Medical Office
Square Footage 5,400
Net Rentable (SqFt) 5,400
Units 1
Cap Rate 6.17%
NOI $92,515
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 5
Lease Expiration 09/30/2027
Remaining Term 1.3
Rent Bumps Yes
Price per SqFt $278
Broker Co-Op Yes
Year Built 2005
Year Renovated 2016
Investment Type Net Lease
Lease Commencement 10/01/2022
Ownership Fee simple
Sale Condition 1031 exchange

Net Leased Medical Investment Opportunity

Marketing description

Investment or Owner User opportunity! 3840 Watt Avenue, Building B is a 5,400 s.f. medical office building located within the Lincoln Center East Business Park, in Sacramento, CA. This offering is a net leased investment opportunity, with a credit rated Tenant occupying 100% of the building and their lease ends September 2027. The building features a Reception area, nine medical examination rooms, private offices, front office area, physical therapy areas, blood draw room with restroom, employees’ break room, multi-stall restrooms, etc. The building was built around 2005 and remodeled in 2016. Located within an established business park, the property features abundant parking and a well landscaped and maintained grounds.

Agile Occupational Medicine has been a tenant at the property based upon a net lease. The Tenant pays the base rent, property taxes and property insurance. In addition, the Tenant is responsible for the inside of the property with the Landlord being responsible for the structure, the OA dues and HVAC replacement. Given the specialized nature of the medical practice, the Tenant would face significant operational challenges to relocate, including specialized build-outs, equipment relocation, and regulatory requirements.

This is an outstanding smaller, single tenant investment opportunity, requiring very little management effort and offers consistent income and security from a credit worthy, recession resistant tenant that would find it difficult to relocate.

Listing Contacts

RP
CA 01364897, CA
RE/MAX Gold Commercial
Listed by RE/MAX Gold Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$92,515.00
$7,709.58/mo

Valuation Metrics

0
DSCR
6.17%
Cap Rate
6.17%
ROI

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