5910 Clark Rd - Medical FOR SALE


Paradise, CA 95969
$2,100,000 USD
530-228-1940
5910 Clark Rd, Paradise, CA for Sale
$2,100,000 USD
Medical - FOR SALE
1/23
null | Request Cap Rate

5910 Clark Rd
Paradise, CA 95969


HIGHLIGHTS

  • Lots of additional parking.
  • Good traffic counts.
  • Pride of Ownership.

OVERVIEW

Discover Quail Run, a rare and coveted commercial office complex that seamlessly blends distinctive architecture, a prime Paradise, CA location, and significant untapped earning potential. This iconic landmark boasts a visually captivating design, featuring a delightful courtyard, lush mature landscaping, and a tranquil waterfall—details that elevate it above ordinary commercial spaces. Rentable Office Space totaling 22,320+/- SqFt on 2.61 acres. Various lease periods with Average Rate of $1.12/SqFt Gross Lease. With a solid tenant base providing stability, there’s still plenty of room for strategic repositioning to boost revenue. Currently at 67.32% Occupied. At current $/SqFt rent average it is a 6.51 CAP Rate at 90% Occupancy. Average rents should be around $1.50/SqFt which at 90% occupied would bring the Cap Rate up to 9.8% Cost to rebuild something of this caliber would be $300+/SqFt. & at only $94/SqFt this place is a steal at 1/3 the replacement value. Owner recently finished Tenant Improvements for PG&E who just moved in and signed a new lease. They expect to be there a long time. Very good 5% increases per year!!! The property presents clear opportunities for rent increases, making it a prime choice for investors eyeing value-add prospects. The property presents clear opportunities for rent increases, making it a prime choice for investors eyeing value-add prospects.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quail Run

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Telecom Hotel/Data Hosting, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.61 AC

LAND SF

113,692 SF

ZONING

CC

APN/PARCEL ID

053-131-100-000

ASK ABOUT THIS PROPERTY

Kory HammanHamman Real EstateMore Info
530-228-1940

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Kory HammanHamman Real EstateMore Info
530-228-1940

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