11985 Heritage Oak Pl - Office FOR SALE
Auburn, CA 95603 |
$3,950,000 USD
615-261-9954
11985 Heritage Oak Pl
Auburn, CA 95603
HIGHLIGHTS
- Long-Term Federal Tenancy: The VA occupies ~75% of the space on a new 4-year lease through 2029, ensuring stable, government-backed cash flow.
- Value-Add Opportunity: ~3,500 SF of vacant space offers near-term upside through lease-up, boosting occupancy and cash flow.
- Attractive Basis: Offered at $211/SF—an exceptional value for a near-stabilized medical office in a high-demand Lake Tahoe submarket.
- Established Medical Hub: Prime healthcare corridor with 12+ medical users and major retailers, boosting demand and traffic.
FOR SALE DETAILS
PRICE
$3,950,000 USD
PRICE/SF
$182 USD /SF
CAP RATE
7.22%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
VETERAN AFFAIRS CLINIC
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,340 SF
ZONING
-
APN/PARCEL ID
051-300-034
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
615-261-9954
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
615-261-9954
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
