3840 Watt Ave - Medical FOR SALE


Sacramento, CA 95821- Outer Arden-Arcade
$1,500,000 USD
916-201-9247
3840 Watt Ave, Sacramento, CA for Sale
$1,500,000 USD
Medical - FOR SALE
1/18
null | 6.17% Cap Rate

3840 Watt Ave
Sacramento, CA 95821
Outer Arden-Arcade


OVERVIEW

3840 Watt Avenue, Building B is a 5,400 s.f. medical office building located within the Lincoln Center East Business Park, in Sacramento, CA. This offering is a net leased investment opportunity, with a credit rated Tenant occupying 100% of the building. The building features a Reception area, nine medical examination rooms, private offices, front office area, physical therapy areas, blood draw room with restroom, employees’ break room, multi-stall restrooms, etc. The building was built around 2005 and remodeled in 2016. Located within an established business park, the property features abundant parking and a well landscaped and maintained grounds. Agile Occupational Medicine has been a tenant at the property based upon a net lease. The Tenant pays the base rent, property taxes and property insurance. In addition, the Tenant is responsible for the inside of the property with the Landlord being responsible for the structure, the OA dues and HVAC replacement. Given the specialized nature of the medical practice, the Tenant would face significant operational challenges to relocate, including specialized build-outs, equipment relocation, and regulatory requirements. This is an outstanding smaller, single tenant investment opportunity, requiring very little management effort and offers consistent income and security from a credit worthy, recession resistant tenant that would find it difficult to relocate.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

6.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg B

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

BP

APN/PARCEL ID

255-0031-039

ASK ABOUT THIS PROPERTY

Ranga PathakRE/MAX GoldMore Info
916-201-9247

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

Ranga PathakRE/MAX GoldMore Info
916-201-9247

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