3301 Alta Arden Expy - Medical FOR SALE


Sacramento, CA 95825- Outer Arden-Arcade
$1,300,000 USD
925-974-0237
3301 Alta Arden Expy, Sacramento, CA for Sale
$1,300,000 USD
Medical - FOR SALE
1/4
null | 6.26% Cap Rate

3301 Alta Arden Expy
Sacramento, CA 95825
Outer Arden-Arcade


HIGHLIGHTS

  • Immediate value-add opportunity through extension of month to month tenancies and increasing under-market rents
  • One block from 287-bed Kaiser Permanente Sacramento medical office campus
  • Immediate opportunity for an owner/user
  • Opportunity to acquire a well-located MOB well below replacement cost and to improve rents through capital improvements/maintenance
  • Centrally located in highly-trafficked and densely populated area.

OVERVIEW

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 3301 Alta Arden Expressway (the “Property”), a ±8,162 square foot, single story medical office building (MOB) in Sacramento, California. The area surrounding the MOB is densely populated with more than 138,000 residents within 3 miles of the Property. Currently 100% leased by 4 tenants on month to month or short-term leases, the Property is perfectly suited for an owner/user looking to occupy all or a portion of the building. Alternatively, an investor could add value through increasing rents and extending the leases. 3101 Alta Arden is ideally located in the heart of the Arden Arcade medical/dental community, just one block from the 287 bed Kaiser Permanente Sacramento Medical Center and Offices. The Kaiser Medical Center operates 24-hour emergency care services, ambulatory surgery, cardiology, orthopedics, oncology as well as radiology services. The Property benefits from its proximity to the medical center and many tenants providing services ancillary to those offered on the campus.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

BP

APN/PARCEL ID

279-0225-003,279-0225-004,279-0225-005,279-0225-006

ASK ABOUT THIS PROPERTY

Forrest GherloneNewmarkMore Info
925-974-0237

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Forrest GherloneNewmarkMore Info
925-974-0237

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