Sutter Health Medical Office | 2299 River Oaks Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Sutter Health Medical Office 2299 River Oaks Blvd
6,260 SF Office Building Plumas Lake, CA 95961 $4,575,000 ($731/SF) 5.75% Cap Rate
Investment Highlights
- New 10-year net lease with 3% annual rent increases throughout the lease including renewal options
- Attractive 7-year renewal options at Fair Market Value Rent not to be less than 3% increase over previous year’s rent
- Sutter Health, headquartered in Sacramento, holds an A+ credit rating from Fitch and reported revenues of $1.92 B and total assets of $7.41 B
- Limited landlord responsibilities with tenant reimbursing operating expenses including insurance, common area maintenance, and management/admin fee
- The tenant, Sutter Medical Foundation, reported $1.85 billion in revenue and $723 million in total assets
- Sutter Health serves over 3 million people with 12,000 doctors and almost 70,000 advanced practice clinicians, nurses, and employees
Executive Summary
Cushman and Wakefield is pleased to present a new construction 6,260± square foot freestanding medical office building located in Plumas Lake, CA (Affluent Sacramento MSA) leased to Sutter Health for 10 years with 3% annual increases. Located 15 miles south of Yuba City and 30 miles north of Sacramento, the property is part of an emerging commercial corridor adjacent to the on/off ramp of Highway 70, with traffic counts of 21,300 VPD. Neighboring tenants include Walgreens, ARCO am/pm, Chevron, and Plumas Stop & Shop, and the Toyota Amphitheatre and Hard Rock Hotel and Casino are a 5-minute drive east. Additionally there is a Holiday Market and Tractor Supply anchored shopping center in planning directly behind the property. The surrounding area features numerous housing developments with over 7,300 residential units in planning, such as Ross Ranch (617± units), Country Club Estates (1,681± units), and Bear River (1,928± units), to name a few. Demographics are excellent with the average household income over $151,500 within a 3-mile radius.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,260 SF
Building Class
B
Year Built
2024
Price
$4,575,000
Price Per SF
$731
Cap Rate
5.75%
NOI
$262,920
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,260 SF
Building FAR
0.27
Land Acres
0.54 AC
1 of 1
PROPERTY TAXES
| Parcel Number | 016-632-004-000 | Improvements Assessment | $0 |
| Land Assessment | $275,741 | Total Assessment | $275,741 |
PROPERTY TAXES
Parcel Number
016-632-004-000
Land Assessment
$275,741
Improvements Assessment
$0
Total Assessment
$275,741
-
Christopher Sheldon -
Andrew Bogardus -
Cushman & Wakefield
Learn More About Investing in Office Space
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Sutter Health Medical Office | 2299 River Oaks Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.