Introducing 155 15th Street, a leased investment opportunity in West Sacramento, CA. This ±5,216 SF single-tenant medical building, occupied by Elica Health Centers since 2001, presents a solid lease with 6.5 years remaining and 2% annual rent increases until November 2031.
Boasting sturdy brick construction and a concrete tile roof, this property offers stability and longevity. Nestled near the junction of Jefferson Boulevard and 15th Street, this well-maintained building stands on a ±15,812 SF parcel, providing ample space for medical operations.
With a favorable 7.0% Cap Rate, the asking price of $1,420,000 promises a substantial return on investment.
Elica Health Centers, a reputable medical provider with multiple establishments in the region, occupies the entire property and possesses a 5-year lease renewal option through 2036. Don't miss out on this prime real estate opportunity at 155 15th Street!