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87 Scripps Drive

87 Scripps Drive
Sacramento, CA 95825
Availability: Price:$5,850,000 Size:30,900 SF
Shipping: Marcus & Millichap is pleased to offer for sale this attractive three-story, elevator-served medical office building located at 87 Scripps Drive in Sacramento, California.
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Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

DAVID BENJAMIN | Associate


Member: National Healthcare Group
License: CA 01934605
Dir: (858) 373-3165
Cell: (303) 386-5291
david.benjamin@marcusmillichap.com

Description

Marcus & Millichap is pleased to offer for sale this attractive three-story, elevator-served medical office building located at 87 Scripps Drive in Sacramento, California. 87 Scripps Drive was constructed in 1976. Comprised of 30,900 square feet, property is leased to 18 different tenants with flexible lease expirations.

The subject property is located with convenient access to Highway 50, one of Sacramento’s major throughways. With a prime location, 79% occupancy and attractive upside, the subject property offers investors stable income and makes this an attractive California real estate investment.

Features

  • 30,900-Square-Foot, Multi-Tenant, Medical Office Building
  • Value Add Opportunity – 79% Occupied with 29% Month-To-Month
  • Average Effective Rent of $2.00 / SF in a Market that is $2.40 / SF
  • 5% Market Vacancy
  • Desirable California Location

Offering Price

$5,850,000

Net Rentable Area

30,900 SF

Price Per SF

$189.32

Cap Rate - Year 1

5.86%

Cap Rate - Year 2

8.25%

Details

  • 22932254
  • Office
  • Price:$5,850,000 Size:30,900 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to offer for sale this attractive three-story, elevator-served medical office building located at 87 Scripps Drive in Sacramento, California.

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