Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 2,992 SF, single story, vacant medical office property located in Sacramento, California. The property is zoned BP - Business Professional Office, providing for a wide range of commercial uses. These areas are intended to promote a harmonious development of business and professional office areas with adjacent commercial or residential development. The site presents an excellent owner-user or lease-up opportunity in a highly desirable location. Built in 1973, the site offers efficient floor plans, an elegant lobby, and easy access to businesses, government buildings, schools, and recreational outdoor activities.

The subject property is strategically located along Madison Ave., which averages more than 57,700 vehicles passing by daily. The asset is a quick a 20-minute drive into downtown Sacramento, making this an ideal, centralized location with easy commutes for both employees and customers. The property benefits from nearby on/off ramp access onto Interstate 80 (243,700 VPD), a major east/west traveling interstate. The asset is ideally located within a dense retail corridor with numerous surrounding national/credit tenants including a Walmart Supercenter, Sam’s Club, The Home Depot, Kohl’s, Target, among many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the office property is near numerous single-family communities and multi-family complexes including Logan Park Apartments (661 units), River Oaks Apartments (100 units), and others, providing a direct residential or employee base from which the site can draw. The 5-mile trade area is supported by over 388,800 residents and 96,500 daytime employees, with a healthy annual average household income of $97,178.

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Listing ID: a288X000002lyFGQAY

Location

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