Office Medical

7900-7904 Zenith Dr

7900-7904 Zenith Dr, Citrus Heights, CA 95621

Listing Price: $825,740

Cap Rate
6.99%
Gross SF
3,541
Rentable SF
3,541
Price/Gross SF
$233.19
Year Built
1981
Lot Size
0.41 acres

Investment Overview

The offering is a 3,541 square foot medical office building located in an established location in the city of Citrus Heights, California. More specifically, the property is located at the signalized corner of Antelope Road and Zenith Drive within the grocery anchored shopping center known as SummerHills Plaza. SummerHills Plaza is a regional shopping center home to Raleys, Wells Fargo, Dollar Tree, Round Table, Dutch Brothers (Grand Opening November 2020), Wendys, OReilly auto parts, USPS and other national retailers. This property is adjacent to the Antelope exit of Interstate 80. Approximately 20 minutes west of Sacramento, and 12 minutes east of Roseville California.

The SummerHills Dental office has been at this location for over 24-years and recently extended their lease in February of 2019 for an additional five years. Furthermore, the lease includes three percent annual rental increases, and one (5) year option to extend. Hatashita Optometry has been at this location for over 15 years and recently extended their lease for an additional year. The lease calls for two (1) year options to extend. An investor has the unique opportunity to acquire a stabilized asset with two established tenants that have shown commitment to this location. This is one of five office/retail pads being offered for sale within the SummerHills plaza.

Offered at $825,740 an investor can take advantage of an ease of manage asset with established tenants. The property is fully leased and is a perfect investment property under a million dollars. An investor can also purchase the entire office/retail portfolio for $3,044,080 or $192 per square foot.

Investment Highlights

  • Low-Cost Maintenance
  • Immediate Access to Interstate 80
  • Established Operating History
  • Fully Leased Two-Tenant NNN Medical Office
  • Annual Rental Increases
  • Minimal Landlord Responsibility (Roof and Structure Only)

Exclusively Listed By

Listing Price: $825,740

Cap Rate
6.99%
Gross SF
3,541
Rentable SF
3,541
Price/Gross SF
$233.19
Year Built
1981
Lot Size
0.41 acres

Investment Highlights

  • Low-Cost Maintenance
  • Immediate Access to Interstate 80
  • Established Operating History
  • Fully Leased Two-Tenant NNN Medical Office
  • Annual Rental Increases
  • Minimal Landlord Responsibility (Roof and Structure Only)

Investment Overview

The offering is a 3,541 square foot medical office building located in an established location in the city of Citrus Heights, California. More specifically, the property is located at the signalized corner of Antelope Road and Zenith Drive within the grocery anchored shopping center known as SummerHills Plaza. SummerHills Plaza is a regional shopping center home to Raleys, Wells Fargo, Dollar Tree, Round Table, Dutch Brothers (Grand Opening November 2020), Wendys, OReilly auto parts, USPS and other national retailers. This property is adjacent to the Antelope exit of Interstate 80. Approximately 20 minutes west of Sacramento, and 12 minutes east of Roseville California.

The SummerHills Dental office has been at this location for over 24-years and recently extended their lease in February of 2019 for an additional five years. Furthermore, the lease includes three percent annual rental increases, and one (5) year option to extend. Hatashita Optometry has been at this location for over 15 years and recently extended their lease for an additional year. The lease calls for two (1) year options to extend. An investor has the unique opportunity to acquire a stabilized asset with two established tenants that have shown commitment to this location. This is one of five office/retail pads being offered for sale within the SummerHills plaza.

Offered at $825,740 an investor can take advantage of an ease of manage asset with established tenants. The property is fully leased and is a perfect investment property under a million dollars. An investor can also purchase the entire office/retail portfolio for $3,044,080 or $192 per square foot.

Exclusively Listed By

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