For Sale
$1,100,000

6104 San Juan AveCitrus Heights, CA 95610

6,000 SF Medical Office, 5.14% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6,000 square foot medical office building, located at 6104 San Juan Avenue in Citrus Heights, California (95610), presents a compelling investment opportunity. Built in 1989, the property sits on a substantial 23,958 square foot lot, offering a land value of $200 per square foot. Currently, the building houses two tenants: a well-established veterinary clinic and a dance studio. The veterinary clinic boasts multiple exam rooms, a surgical room, a treatment area, and private offices. The dance studio, which underwent interior improvements in 2021, features three studio rooms, a breakroom, an office, and storage space. Both tenants are currently operating under below-market lease rates, presenting significant potential for future income growth. The property's strong cash flow is evidenced by a Net Operating Income (NOI) of $56,552 and a 5.14% capitalization rate. The asking price is $1,100,000. This property offers a unique owner-user opportunity for a medical professional seeking a well-located, established practice space with substantial upside potential. The property's APN is 243-0090-021-0000.

Highlights

  • 6,000 SF medical office building in Citrus Heights, CA (95610).
  • Situated on a 23,958 SF lot with $200/SF land value.
  • Two tenants: veterinary clinic and dance studio (2021 interior improvements).
  • Below-market leases offer significant income growth potential.
  • $1,100,000 asking price, $56,552 NOI, 5.14% cap rate.
  • Owner-user opportunity.

Property Details for 6104 San Juan Ave

Property type
Retail properties, Office properties
Square Feet
6,000 SF
Year Built
1989

Location Insight

City
Citrus Heights
County
Sacramento
State
California
Latitude
38.67633
Longitude
-121.2914599
6104 San Juan Ave, Citrus Heights, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6104 San Juan Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message