Listing banner image
  • Occupancy
    94%Occupancy
  • Property Type
    OfficeProperty Type
  • Square Feet
    127,235 SFSquare Feet
  • City
    SacramentoCity
  • Building Class
    ABuilding Class
  • Asking Price
    $26,250,000Asking Price

Description

CBRE, Inc. in concert with Newmark, is pleased to offer a 94% leased Class A suburban office complex that has long demonstrated its attractiveness to top tier tenants despite ambient market conditions that have proven challenging for the majority of its competitive set. The Subject offers a compelling value proposition which has stood it in good stead for decades:

  • Institutional ownership which has not stinted relative to care and maintenance of the physical plant and its attendant lush, verdant landscaping.
  • A truly extraordinary location which offers instant access to U.S. Highway 50 and thus...

Documents

Offering Summary

  • Asking Price
    $26,250,000
  • Price PSF
    $206

Sale Details

  • Walt
    7.05 Years
  • Cap Rate
    7.21%
  • NOI
    $1,893,404

Documents

Property Address

3636-3640 American River Drive
Sacramento, CA 95864

Property Details

  • Property Type
    Office
  • Square Feet
    127,235 SF
  • Occupancy
    94%
  • Building Class
    A
  • Year Built
    1976
  • Year Renovated
    2024
  • Stories
    2
  • Parking Ratio
    3.78
  • Total Parking
    477
  • Tenancy
    Multi
  • Operating Expenses ($/SF/yr)
    9.16 $/SF/yr
  • Lease Type
    Full-Service Gross
  • Zoning
    BP
  • APN
    292-0180-065-0000
  • Ownership Interest
    Fee Simple
  • Total Acres
    6

Property Details

Deal Team

Randy Getz profile image
Randy Getz
Executive Vice President Executive Vice President
CA RE Lic. 00828903

Description

CBRE, Inc. in concert with Newmark, is pleased to offer a 94% leased Class A suburban office complex that has long demonstrated its attractiveness to top tier tenants despite ambient market conditions that have proven challenging for the majority of its competitive set. The Subject offers a compelling value proposition which has stood it in good stead for decades:

  • Institutional ownership which has not stinted relative to care and maintenance of the physical plant and its attendant lush, verdant landscaping.
  • A truly extraordinary location which offers instant access to U.S. Highway 50 and thus...

Documents

Offering Summary

  • Asking Price
    $26,250,000
  • Price PSF
    $206

Sale Details

  • Walt
    7.05 Years
  • Cap Rate
    7.21%
  • NOI
    $1,893,404

Documents

Property Address

3636-3640 American River Drive
Sacramento, CA 95864

Property Details

  • Property Type
    Office
  • Square Feet
    127,235 SF
  • Occupancy
    94%
  • Building Class
    A
  • Year Built
    1976
  • Year Renovated
    2024
  • Stories
    2
  • Parking Ratio
    3.78
  • Total Parking
    477
  • Tenancy
    Multi
  • Operating Expenses ($/SF/yr)
    9.16 $/SF/yr
  • Lease Type
    Full-Service Gross
  • Zoning
    BP
  • APN
    292-0180-065-0000
  • Ownership Interest
    Fee Simple
  • Total Acres
    6

Property Details

Deal Team

Randy Getz profile image
Randy Getz
Executive Vice President Executive Vice President
CA RE Lic. 00828903
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