3301 Alta Arden Expy
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3301 Alta Arden Expy
9,000 SF 100% Leased Office Building Sacramento, CA 95825 $1,300,000 ($144/SF) 6.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Immediate value-add opportunity through extension of month to month tenancies and increasing under-market rents
- Immediate opportunity for an owner/user
- Centrally located in highly-trafficked and densely populated area.
- One block from 287-bed Kaiser Permanente Sacramento medical office campus
- Opportunity to acquire a well-located MOB well below replacement cost and to improve rents through capital improvements/maintenance
EXECUTIVE SUMMARY
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 3301 Alta Arden Expressway (the “Property”), a ±8,162 square foot, single story medical office building (MOB) in Sacramento, California. The area surrounding the MOB is densely populated with more than 138,000 residents within 3 miles of the Property. Currently 100% leased by 4 tenants on month to month or short-term leases, the Property is perfectly suited for an owner/user looking to occupy all or a portion of the building. Alternatively, an investor could add value through increasing rents and extending the leases.
3101 Alta Arden is ideally located in the heart of the Arden Arcade medical/dental community, just one block from the 287 bed Kaiser Permanente Sacramento Medical Center and Offices. The Kaiser Medical Center operates 24-hour emergency care services, ambulatory surgery, cardiology, orthopedics, oncology as well as radiology services. The Property benefits from its proximity to the medical center and many tenants providing services ancillary to those offered on the campus.
3101 Alta Arden is ideally located in the heart of the Arden Arcade medical/dental community, just one block from the 287 bed Kaiser Permanente Sacramento Medical Center and Offices. The Kaiser Medical Center operates 24-hour emergency care services, ambulatory surgery, cardiology, orthopedics, oncology as well as radiology services. The Property benefits from its proximity to the medical center and many tenants providing services ancillary to those offered on the campus.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
9,000 SF
Building Class
B
Year Built
1961
Price
$1,300,000
Price Per SF
$144
Cap Rate
6.26%
NOI
$81,343
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,163 SF
Building FAR
0.86
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
BP - Business Professional
Parking
34 Spaces (4.3 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Courtyard
- Central Heating
- Air Conditioning
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $396,713 | |
| Land Assessment | $300,209 | Total Assessment | $696,922 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$300,209
Improvements Assessment
$396,713
Total Assessment
$696,922
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3301 Alta Arden Expy
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