Log In/Sign Up
Your email has been sent.
Bldg B 3840 Watt Ave 5,400 SF Office Building Sacramento, CA 95821 $1,500,000 ($277.78/SF) 6.17% Cap Rate



Executive Summary
3840 Watt Avenue, Building B is a 5,400 s.f. medical office building located within the Lincoln Center East Business Park, in Sacramento, CA. This offering is a net leased investment opportunity, with a credit rated Tenant occupying 100% of the building. The building features a Reception area, nine medical examination rooms, private offices, front office area, physical therapy areas, blood draw room with restroom, employees’ break room, multi-stall restrooms, etc. The building was built around 2005 and remodeled in 2016. Located within an established business park, the property features abundant parking and a well landscaped and maintained grounds. Agile Occupational Medicine has been a tenant at the property based upon a net lease. The Tenant pays the base rent, property taxes and property insurance. In addition, the Tenant is responsible for the inside of the property with the Landlord being responsible for the structure, the OA dues and HVAC replacement. Given the specialized nature of the medical practice, the Tenant would face significant operational challenges to relocate, including specialized build-outs, equipment relocation, and regulatory requirements. This is an outstanding smaller, single tenant investment opportunity, requiring very little management effort and offers consistent income and security from a credit worthy, recession resistant tenant that would find it difficult to relocate.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
5,400 SF
Building Class
B
Year Built
2005
Price
$1,500,000
Price Per SF
$277.78
Cap Rate
6.17%
NOI
$92,515
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,400 SF
Building FAR
0.40
Lot Size
0.31 AC
Zoning
BP
Parking
15 Spaces (4.5 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 255-0031-039 | Improvements Assessment | $695,186 |
| Land Assessment | $232,114 | Total Assessment | $927,300 |
Property Taxes
Parcel Number
255-0031-039
Land Assessment
$232,114
Improvements Assessment
$695,186
Total Assessment
$927,300
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Bldg B | 3840 Watt Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
