3636-3640 American River Dr - Office FOR SALE


Sacramento, CA 95864- Outer Arden-Arcade
$26,250,000 USD
916-505-0524
3636-3640 American River Dr, Sacramento, CA for Sale
$26,250,000 USD
Office - FOR SALE
1/15
null | 7.21% Cap Rate

3636-3640 American River Dr
Sacramento, CA 95864
Outer Arden-Arcade


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$26,250,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

7.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

477

LAND DETAILS

LAND ACRES

5.92 AC

LAND SF

257,875 SF

ZONING

BP (PC)(PD)

APN/PARCEL ID

292-0180-065

ASK ABOUT THIS PROPERTY

Randy GetzCBRE, Inc.More Info
916-505-0524

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Randy GetzCBRE, Inc.More Info
916-505-0524

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