For Sale
$3,590,000

30 Golden Land CtSacramento, CA 95834

9,920 SF, NNN Lease, 5.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 9,920-square-foot Class A medical office building in Sacramento, California. The property, located at 30 Goldenland Ct, 95834, is fully occupied by DaVita Kidney Care under a Net Lease agreement with over 13 years remaining on the initial term. The lease includes a 10% rent increase every five years and three five-year options to extend, providing significant long-term stability and predictable income growth. The building, constructed in 2004, boasts a strong corporate guarantee from DaVita, a national leader in kidney care with over 3,100 clinics and over $11.6 billion in revenue (2021). The property's current Net Operating Income (NOI) is $188,480, yielding a compelling 5.25% capitalization rate at an asking price of $3,590,000. The flexible EC-30-PUD zoning allows for potential future uses beyond medical, including retail or office. Situated in a rapidly growing submarket of Sacramento, with over 223,000 people within a five-mile radius, this property offers a rare combination of strong tenant occupancy, substantial lease terms, and significant upside potential. The APN is 225-1620-032-0000. This is a stabilized investment with a single tenant.

Highlights

  • $3,590,000 asking price for a stabilized Class A medical office building.
  • 9,920 square feet, single-tenant NNN lease with DaVita Kidney Care.
  • 5.25% cap rate with a $188,480 NOI.
  • Built in 2004, located at 30 Goldenland Ct, Sacramento, CA 95834.
  • 13+ years remaining on the initial lease term with 10% rent bumps every 5 years and three 5-year extension options.

Property Details for 30 Golden Land Ct

Property type
Office properties, Medical offices
Class
A
Year Built
2004

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.650620550267
Longitude
-121.50391981433
30 Golden Land Ct, Sacramento, California

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30 Golden Land Ct
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