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$ 7,850,000
Est. payment /mo
New
2330 E Bidwell ST Folsom, CA 95630
2.72 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226085523
HOA Y/N No
Year Built 2000
Lot Size 2.720 Acres
Acres 2.72
Property Sub-Type Office
Source MLS Metrolist
Property Description
2330 E. Bidwell is an upscale two-story medical office building located in Folsom, one of Sacramento's most desirable and fastest growing suburbs. The property sits squarely in a medical hub anchored by Dignity Health - Mercy Folsom Hospital located less than 1 mile away. The property measures 39,062 rentable square feet and is leased to a diverse and stable mix of medical and office tenants including Vitero Retinol Medical Group, Folsom Spine Surgery, HMA Architecture, and West Valley Construction. The property is currently 80% leased to 13 tenants paying an average rent of $1.88 PSF, fully serviced, which is approximately 50% below the average market rent for comparable medical space immediately surrounding the property. Given the property's proximity to existing medical uses and hospitals and the 5/1,000 on-site medical grade parking, the property is in a unique position to capture the growing demand for medical office space nearby. Over time, a value-add strategy can be implemented to transition the entire tenancy to medical related practices which command a much higher base rent and longer lease term than traditional office tenants. The property is the largest of ten office and medical buildings constructed in 2000 as part of an association-managed development known as Broadside Village. The property is being offered for $7,850,000 which is $200 per square foot.
Location
State CA
County Sacramento
Area 10630
Direction Located off E. Bidwell.
Location Details Business Park,Restaurant Nearby,Hospital Nearby
Interior
Heating Central
Cooling Central
Flooring Carpet
Exterior
Parking Features Open, Common Area Shared
Utilities Available Other
Water Access Desc Public
Roof Type Flat
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 072-1510-009-0000
Special Listing Condition None
Listed by Ken Turton, Broker