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Dental Arts Professional Building 2650 21st St
14,868 SF 100% Leased Office Building Sacramento, CA 95818 $4,500,000 ($303/SF) 6.24% Cap Rate
Investment Highlights
- Pandemic and internet resistant medical office asset class
- Significant investments in tenant improvement and common area renovation
- Located in Sacramento’s prestigious Curtis Park neighborhood
- Multi-tenant rent roll for investment diversification
- Located in a mature submarket with barriers to entry and minimal competition
Executive Summary
Built in 1977, this pride-of-ownership building underwent a major renovation and repositioning in 2018 including new interior and exterior paint, new carpet throughout, new directory signage, and new 21st Street-facing building branding establishing it as a landmark medical/dental building in the surrounding community. In September of 2022, the ownership also completed an energy retrofit, converting all thermostats in the building to wifi-enabled smart thermostats with cloud-based management in addition to LED lighting upgrades to minimize both the building’s carbon footprint as well as CAM reimbursements, further adding value to the buildings tenants.
Data Room Click Here to Access
Financial Summary (Pro forma - 2022) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2022) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Amenities
- Reception
- Central Heating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Position your practice for success at the Dental Arts Professional Building, ideally located in the vibrant Curtis Park neighborhood, just minutes from Midtown Sacramento and the financial district. This highly accessible, well-established medical and dental office hub is situated close to major highways, including I-80 and I-5, making it easy for patients to find and reach your office. Perfect for dental professionals looking to serve the Curtis Park and greater Sacramento community with ease and convenience. Suite Features & Layout: • Strategically Designed Floor Plan: The suite layout maximizes efficiency for dental practices, with a spacious waiting area that welcomes patients comfortably and provides direct access to reception, ensuring smooth patient flow. • Dedicated Exam and Treatment Areas: Equipped with multiple exam rooms and a dedicated radiology room, the suite supports a wide range of dental services, from routine exams to specialized procedures. • Lab and Break Area: An on-site lab area and break room provide the support infrastructure needed for smooth, daily operations, ensuring both staff productivity and quality patient care. • Private Offices and Storage Solutions: Includes an office area for administrative functions, along with convenient storage and file room space to keep essential equipment and records organized and accessible. Modern Amenities for Energy Efficiency and Comfort: The building underwent extensive renovations in 2018, with enhancements in interior and exterior aesthetics and functionality. In 2022, further upgrades included smart thermostats and LED lighting, minimizing operational costs and contributing to the building’s energy efficiency. Why This Location? The Curtis Park neighborhood offers a central, high-demand location with a strong residential base, making it an ideal area to build a thriving patient base. Dental practices at the Dental Arts Professional Building benefit from close proximity to Midtown and downtown Sacramento, as well as visibility in a well-known professional building frequented by healthcare clientele.
Space | Size | Space Use | Condition | Available |
1st Floor | 2,700 SF | Medical | Full Build-Out | 60 Days |
1st Floor
Size |
2,700 SF |
Space Use |
Medical |
Condition |
Full Build-Out |
Available |
60 Days |
1st Floor
Size | 2,700 SF |
Space Use | Medical |
Condition | Full Build-Out |
Available | 60 Days |
Position your practice for success at the Dental Arts Professional Building, ideally located in the vibrant Curtis Park neighborhood, just minutes from Midtown Sacramento and the financial district. This highly accessible, well-established medical and dental office hub is situated close to major highways, including I-80 and I-5, making it easy for patients to find and reach your office. Perfect for dental professionals looking to serve the Curtis Park and greater Sacramento community with ease and convenience. Suite Features & Layout: • Strategically Designed Floor Plan: The suite layout maximizes efficiency for dental practices, with a spacious waiting area that welcomes patients comfortably and provides direct access to reception, ensuring smooth patient flow. • Dedicated Exam and Treatment Areas: Equipped with multiple exam rooms and a dedicated radiology room, the suite supports a wide range of dental services, from routine exams to specialized procedures. • Lab and Break Area: An on-site lab area and break room provide the support infrastructure needed for smooth, daily operations, ensuring both staff productivity and quality patient care. • Private Offices and Storage Solutions: Includes an office area for administrative functions, along with convenient storage and file room space to keep essential equipment and records organized and accessible. Modern Amenities for Energy Efficiency and Comfort: The building underwent extensive renovations in 2018, with enhancements in interior and exterior aesthetics and functionality. In 2022, further upgrades included smart thermostats and LED lighting, minimizing operational costs and contributing to the building’s energy efficiency. Why This Location? The Curtis Park neighborhood offers a central, high-demand location with a strong residential base, making it an ideal area to build a thriving patient base. Dental practices at the Dental Arts Professional Building benefit from close proximity to Midtown and downtown Sacramento, as well as visibility in a well-known professional building frequented by healthcare clientele.
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $2,710,051 (2024) | |
Land Assessment | $765,876 (2024) | Total Assessment | $3,475,927 (2024) |
PROPERTY TAXES
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Dental Arts Professional Building | 2650 21st St
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