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Office Medical

2628 El Camino Ave

2628 El Camino Ave, Sacramento, CA 95821

Listing Price: $2,150,000

Cap Rate
7.35%
Gross SF
18,698
Rentable SF
17,785
Price/Gross SF
$114.99
Occupancy
96.0%
Year Built
1960
Lot Size
2.19 acres

Investment Overview

Marcus & Millichap is pleased to exclusively present a garden office complex of about 17,500 square feet with 18 offices and located in a neighborhood commercial setting on a major arterial street and surrounded by well-maintained single family housing and apartments. The location is near Interstate 80 and major shopping centers. The property has good visibility and signage on El Camino Avenue, just east of Fulton Avenue, with ample parking in front, on sides, and in the back. Four one-story buildings surround a landscaped breezeway.

Investment Highlights

  • Multi-tenant office/medical property
  • Most existing tenants are long-term, and include a doctor, a dentist, 3 dental labs, an insurance office, 2 hair salons, a marital-family counselor, and 2 social service offices.
  • Below market rents creates opportunity for lease restructuring play
  • 7.87/1,000 SF Parking Ratio
  • Low medical-office vacancy market

Exclusively Listed By

Financing By

Office Medical

2628 El Camino Ave

Listing Price: $2,150,000

Cap Rate
7.35%
Gross SF
18,698
Rentable SF
17,785
Price/Gross SF
$114.99
Occupancy
96.0%
Year Built
1960
Lot Size
2.19 acres

Investment Highlights

  • Multi-tenant office/medical property
  • Most existing tenants are long-term, and include a doctor, a dentist, 3 dental labs, an insurance office, 2 hair salons, a marital-family counselor, and 2 social service offices.
  • Below market rents creates opportunity for lease restructuring play
  • 7.87/1,000 SF Parking Ratio
  • Low medical-office vacancy market

Investment Overview

Marcus & Millichap is pleased to exclusively present a garden office complex of about 17,500 square feet with 18 offices and located in a neighborhood commercial setting on a major arterial street and surrounded by well-maintained single family housing and apartments. The location is near Interstate 80 and major shopping centers. The property has good visibility and signage on El Camino Avenue, just east of Fulton Avenue, with ample parking in front, on sides, and in the back. Four one-story buildings surround a landscaped breezeway.

Exclusively Listed By

Financing By

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