HIGHLIGHTS
- Essential Service Tenant Base: The property is 85.6% occupied and anchored by long-standing medical, behavioral health, and government service users.
- $362K of Recent Capital Improvements: Ownership completed substantial upgrades in 2024, including new roofs on all four buildings.
- Long Operating History and Tenant Stickiness: The tenant roster carries a weighted average operating history of 17+ years.
- Attractive In-Place Income with Built-In Growth: The asset generates $295,939 in NOI at a 10.20% cap rate.
- Value-Add Through Lease-Up: The remaining 14.45% vacancy offers a straightforward opportunity to increase NOI.
FOR SALE DETAILS
PRICE
$2,900,000 USD
PRICE/SF
$67 USD /SF
CAP RATE
10.2%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Rock Valley Office Park
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.36 AC
LAND SF
189,922 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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818-510-3158
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Please correct the highlighted field(s).
818-510-3158
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
