Listed by Newmark - Sacramento, CBRE - Sacramento
$26,250,000
3636-3640 American River Drive
Details
APN 292-0180-065-0000
Property Type Office
Sub Type Traditional Office
Square Footage 127,235
Units 477
Cap Rate 7.21%
NOI $1,893,404
Occupancy 94%
Tenancy Multi
Lease Type Gross
Price per SqFt $206
Class A
Year Built 1976
Year Renovated 1999, 2024
Buildings 1
Stories 2
Acreage 5.920
Zoning BP (Business Park)
Parking Spaces 477 spaces
Parking Per SqFt 3.75
Investment Type Stabilized
Office | 7.21% CAP | 127,235 SqFt
Marketing description
CBRE, Inc. in concert with Newmark, is pleased to offer a 94% leased Class A suburban office complex that has long demonstrated its attractiveness to top tier tenants despite ambient market conditions that have proven challenging for the majority of its competitive set. The Subject offers a compelling value proposition which has stood it in good stead for decades:
- Institutional ownership which has not stinted relative to care and maintenance of the physical plant and its attendant lush, verdant landscaping.
- A truly extraordinary location which offers instant access to U.S. Highway 50 and thus to all area freeways and interstates.
- The Subject sits in a bucolic suburban setting but is only 15 minutes from Sacramento’s Central Business District, the State Capitol, and both State and Federal Courts.
- Proximity to Sacramento’s best executive housing as well as less expensive accommodations for all income demographics.
- Mere minutes from some of the region’s finest restaurants, shopping and service retail.
- The Complex boasts long-term, committed tenants with de minimis likelihood of tenant relocations thus promising secure and durable income streams well into the future.
Investment highlights
- Strong rent roll includes Sacramento County Assessor and County Clerk/Recorder
- Secure long term income stream; 7.05-year WALT
- Proximate to some of Sacramento’s best executive housing
- Instant access to Highway 50; only 15 minutes from Sacramento’s CBD, the State Capitol and State and Federal Courts
- Institutional ownership has provided impeccable care and maintenance of the complex
Listing Contacts
Listed by Newmark - Sacramento, CBRE - Sacramento
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,893,404.00
$157,783.67/mo
Valuation Metrics
0
DSCR
7.21%
Cap Rate
7.21%
ROI
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