This Office Property is For Sale.

1530 Third Street
Lincoln, CA 95648 ·

20,920 SF · Office For Sale

$1,350,000

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7.87% Cap Medical Office Building for sale

Price $1,350,000 Occupancy 62%
Building Size 20,920 SF No. Stories 2
Price/SF $64.53 Building Class C
Property Type Office Tenancy Multiple
Property Sub-type Medical Office Year Built 1981
Property Use Type Investment Lot Size 1.50 SF
Commission Split 2.5% APN / Parcel ID 021-321-006-000
Cap Rate 7.87% Parking Ratio 4 / 1,000 SF
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Listing ID: 18754565 Date Created: 06/16/2014 Last Updated: 07/25/2016

Description

Professional office building, 62% leased., cap rate is based on actual income. Building features 16 medical/professional office suites, of which 10 suites are leased. Many medical tenants in the building. Building sits on about 1.5 acres of land and features 4/1000 sf parking. Immediate vicinity of many senior care and assisted living facilities. Immediate access to Lincoln Boulevard and downtown Lincoln. Only office building in the immediate area. Monument signage.

Vicinity of assisted living and senior care facilities. Schools, church and lots of residential nearby.

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Highlights

  • Two story building with elevator
  • Several well qualified medical tenants
  • Ideal investor or owner user property
  • Large lot with good parking availability
  • Only multi-tenant medical office building in the immediate area
  • Vicinity of several assisted living and senior care facilities

Research

1530 Third Street, Lincoln, CA 95648 (Placer County)

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