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Lincoln Professional Office Building

1530 Third Street, Lincoln, CA 95648

$1,500,000

21,200 SF | Office

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Office Property For Sale

Price:
$1,500,000
Building Size:
21,200 SF
Price/SF:
$70.75
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
6.59%
Occupancy:
57%
No. Stories:
2
Building Class:
C
Tenancy:
Multiple
Year Built:
1981
Lot Size:
1.50 SF
APN / Parcel ID:
021-321-006-000
Parking Ratio:
4 / 1,000 SF
Listing ID
18754565
Last Updated
28 days ago

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Highlights

  • Two story building with elevator
  • Several well qualified medical tenants
  • Roof has been replaced recently
  • Large lot with good parking availability
  • Only office building in the immediate area
  • Vicinity of several assisted living and senior care facilities

Description

Professional office building, over half 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 several assisted living and senior care facilities. Schools, church and lots of residential nearby.

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

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

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Asking Price Index Trends for Lincoln, CA Office For Sale

  Sep 14 vs. 3 mo.
prior
Y-O-Y
-
State
$197-0.6%+2.7%
-
Metro
$153-0.6%+0.6%
-
County
$158-1.4%+7.6%

View Lincoln Market Trends for other property types for sale or lease. Learn more about the chart info.

Lincoln Professional Office Building
  • Office
  • $1,500,000
  • 21,200 SF