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Deacon SLB, Citrus Heights, CA

Deacon SLB

CA, United States

Price $4,990,000
Cap Rate
NOI
Lease Term 10 Years
Lease Type
Rental Increases 3% every 12 months
Year Built 1990
Building Size 22,188 sq. ft.
Lot Size 1.39 Acres (60,548 sq. ft.)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

PRICING BELOW REPLACEMENT COST
» The Property is expected to trade below its estimated replacement cost, offering a Buyer an economic advantage over the competitive buildings in the market who have a much higher basis in their properties. This will allow the investor more flexibility to structure attractive leases and terms in the unlikely event that a vacancy arises.

MINIMAL MAINTENANCE & MANAGEMENT
» The lease is a full Triple Net (NNN) lease which provides that the Tenant is responsible for all of the Repairs and Maintenance on the property (with the exception of structure & roof). Furthermore, due to Tenant’s and Landlord’s recent contributions to the property, a Buyer will not be faced with any significant Capital Costs in the upcoming years.

FLEXIBILITY IN ASSET
» While the three story building is currently designed as a single tenant asset, the 7745 Greenback Lane building is conducive to a multi-tenant floorplan. This provides a purchaser the flexibility of leasing floors at a premium price in the future. The existing improvements in the building were also originally utilized for multiple units, and the covered parking is a major benefit in the summer and winter months.

Click Here to Download Offering Memorandum


Property Description

SOLD

The Property is located in Sacramento County, the preferred location of several of the largest regional companies and home to some of the most dynamic retail and desirable residential opportunities in the region. Located just east of the Sacramento CBD and just off of Highway 80, Citrus Heights is the gateway to the foothills and well known for its mix of upscale office, retail, and residential developments. Greenback Lane is known as one of Sacramento’s most traveled thoroughfares and the property fronts the north side of Greenback Lane and is located a short distance from Sunrise Mall, Sunrise Marketplace, and The Marketplace at Birdcage.

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