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Office Medical

2288 Auburn Blvd

2288 Auburn Blvd, Sacramento, CA 95821

Listing Price: $12,000,000

Cap Rate
6.17%
Gross SF
54,069
Rentable SF
54,069
Price/Gross SF
$221.94
Occupancy
82.9%
Year Built
1990
Lot Size
3.03 acres

Investment Overview

Marcus & Millichap, as the exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 2288 Auburn Blvd, (the “Property”) a 54,069 SF, two-story medical office building located in Sacramento’s Arden-Arcade neighborhood. Originally constructed in 1990, 2288 Auburn represents a rare opportunity to acquire an institutional quality MOB with premier freeway visibility to over 140,000 vehicles per day. At 83% leased with 6.0 years remaining average lease term (WALT), the Property offers durable in-place cash flow while providing an investor the opportunity to substantially increase NOI through multiple value-add strategies. Located between downtown Sacramento, the Sacramento Airport, and the affluent Roseville/Rocklin community, 2288 Auburn’s location boasts unrivaled access and transportation advantages, conveniently linking the Property to the city center and the suburbs. With over $800,000 of capital invested since 2016, ownership has meticulously maintained the property, modernizing building systems and aesthetically improving the common areas. Along with its location and high quality amenity offerings, 2288 offers investors the opportunity to create value through strategic lease up of the remaining 8,865 SF, marking current tenants to market, collecting market Base Year Reimbursements, and increasing the rentable square footage to BOMA measurements upon tenants’ expirations.

Investment Highlights

  • Occupancy - 82.9%
  • WALT - 6.0 Years
  • 5 Year Levered IRR - 19.16%
  • Rare Freeway Frontage MOB
  • 37% NOI Upside by Year 3
  • Assumable Financing
  • Minimal Near-Term Capital Costs

Exclusively Listed By

  • James DeBuiser

    First Vice President Investments

    (805) 351-7144

    Email James

    License(s): CA: 01965942

    Ventura

  • Mark Hefner

    Senior Vice President Investments

    (916) 724-1361

    Email Mark

    License(s): CA: 00823945, NV: BS.1000677, OR: 201211829, WA: 24003

    Sacramento

Financing By

Office Medical

2288 Auburn Blvd

Listing Price: $12,000,000

Cap Rate
6.17%
Gross SF
54,069
Rentable SF
54,069
Price/Gross SF
$221.94
Occupancy
82.9%
Year Built
1990
Lot Size
3.03 acres

Investment Highlights

  • Occupancy - 82.9%
  • WALT - 6.0 Years
  • 5 Year Levered IRR - 19.16%
  • Rare Freeway Frontage MOB
  • 37% NOI Upside by Year 3
  • Assumable Financing
  • Minimal Near-Term Capital Costs

Investment Overview

Marcus & Millichap, as the exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 2288 Auburn Blvd, (the “Property”) a 54,069 SF, two-story medical office building located in Sacramento’s Arden-Arcade neighborhood. Originally constructed in 1990, 2288 Auburn represents a rare opportunity to acquire an institutional quality MOB with premier freeway visibility to over 140,000 vehicles per day. At 83% leased with 6.0 years remaining average lease term (WALT), the Property offers durable in-place cash flow while providing an investor the opportunity to substantially increase NOI through multiple value-add strategies. Located between downtown Sacramento, the Sacramento Airport, and the affluent Roseville/Rocklin community, 2288 Auburn’s location boasts unrivaled access and transportation advantages, conveniently linking the Property to the city center and the suburbs. With over $800,000 of capital invested since 2016, ownership has meticulously maintained the property, modernizing building systems and aesthetically improving the common areas. Along with its location and high quality amenity offerings, 2288 offers investors the opportunity to create value through strategic lease up of the remaining 8,865 SF, marking current tenants to market, collecting market Base Year Reimbursements, and increasing the rentable square footage to BOMA measurements upon tenants’ expirations.

Exclusively Listed By

  • James DeBuiser

    First Vice President Investments

    (805) 351-7144

    Email James

    License(s): CA: 01965942

    Ventura

  • Mark Hefner

    Senior Vice President Investments

    (916) 724-1361

    Email Mark

    License(s): CA: 00823945, NV: BS.1000677, OR: 201211829, WA: 24003

    Sacramento

Financing By

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