155 15th St - Medical FOR SALE


West Sacramento, CA 95691- Old West Sacramento
$1,420,000 USD
916-751-3625
155 15th St, West Sacramento, CA for Sale
$1,420,000 USD
Medical - FOR SALE
1/6
null | 7% Cap Rate

155 15th St
West Sacramento, CA 95691
Old West Sacramento


HIGHLIGHTS

  • Single-Tenant Medical for Sale
  • Leased by Elica Health Centers
  • November 2031 expiration

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,420,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,812 SF

ZONING

C-1

APN/PARCEL ID

058-054-016-000

ASK ABOUT THIS PROPERTY

Tyler BoydKidder MathewsMore Info
916-751-3625

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Tyler BoydKidder MathewsMore Info
916-751-3625

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.