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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

The Dental Arts Professional Building located at 2650 21st St, Sacramento is a fully leased, diversified, investment-grade asset consisting of ±14,868 sq ft over two-story. All 8 suites are leased to a strong mix of internet an recession resistant medical/dental professionals. The building is situated in the northwest corner of Curtis Park bordering Land Park just south of Midtown. Its central location is just five blocks from I80, three miles from the I80/I5/99 junction, and 1.5 miles from the financial district. With more than 50% of the building leased through the end of 2026 and significant tenant improvements invested into the building’s common areas and suites, the Dental Arts Professional Building is a well positioned investment-grade commercial property poised to enjoy stable long-term performance with minimal tenant turnover.
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

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,868 SF
Building Class
B
Year Built
1975
Price
$4,500,000
Price Per SF
$303
Cap Rate
6.24%
NOI
$280,951
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,434 SF
Building FAR
0.47
Lot Size
0.73 AC
Zoning
OB-R, Sacramento - Office/Planned Unit Development
Parking
41 Spaces (2.76 Spaces per 1,000 SF Leased)

Amenities

  • Reception
  • Central Heating
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,700 SF
  • Medical
  • Full Build-Out
  • 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.

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.

Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 010-0337-058
  • 010-0341-014
Land Assessment
$765,876 (2024)
Improvements Assessment
$2,710,051 (2024)
Total Assessment
$3,475,927 (2024)
  • Listing ID: 26871479

  • Date on Market: 10/17/2022

  • Last Updated:

  • Address: 2650 21st St, Sacramento, CA 95818

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