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Mem o ra nd um Of f ering S ta rf ire Pro f es s io na l ... · Mem o ra nd um S ta rf ire Pro f es...

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Offering Memorandum Starfire Professional Plaza 9121 Folsom Blvd, Sacramento, CA Presented By: Mark Smith [email protected] 916-802-0003 DRE# 2019665
Transcript
Page 1: Mem o ra nd um Of f ering S ta rf ire Pro f es s io na l ... · Mem o ra nd um S ta rf ire Pro f es s io na l Pl a z a ... 9 1 2 1 F o l s o m B l v d , S a c ra m ent o , C A Pres

OfferingMemorandum

Starfire Professional Plaza9121 Folsom Blvd, Sacramento, CA

Presented By:Mark [email protected]# 2019665

Page 2: Mem o ra nd um Of f ering S ta rf ire Pro f es s io na l ... · Mem o ra nd um S ta rf ire Pro f es s io na l Pl a z a ... 9 1 2 1 F o l s o m B l v d , S a c ra m ent o , C A Pres

Executive Summary

THE OFFERINGAborn Powers Inc. is pleased to present thefollowing exclusive listing for sale. StarfireProfessional Plaza located at 9121 Folsom BlvdSacramento, CA 95682. The property consists ofseven dental and medical suites located on alarge 1.32 acre lot adjacent to Highway 50

INVESTMENT HIGHLIGHTSOwner User Opportunity

Several suites are under short term leases, which allow forsignificant upside in rental income or create the opportunity foran owner user to occupy more than 51% of the building

Gross Lease StructureCurrently the leases are gross leases which will allow at renewalthe conversion to net lease structure to increase the NOI forthe ownership group

Unique PropertyThe property features seven individual suites, currently built outas dental suites with the necessary improvements andmechanical systems. The suites range in size from 1280-1855square feet and there is parking for 63 vehicles

LocationThe property is conveniently located south of Highway 50 onFolsom Blvd just west of La Riviera Drive

FlexibilityThe investment offers flexibility to improve rents and updateleases, or an owner user opportunity in a long establisheddental building with the stability of rental income

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Starfire Professional Plaza9121 Folsom Blvd, Sacramento, CA

PropertyDescription

Property Address: 9121 Folsom Blvd, Sacramento, CA Offering Price: $1,990,000 County: Sacramento Building Type: Professional Office/Dental APN#: 075-0161-001 Total Project Size: +/- 10,255 SqFt Total Land: +/- 1.32 Acres Zoning: BP Business & Professional Office

Page 4: Mem o ra nd um Of f ering S ta rf ire Pro f es s io na l ... · Mem o ra nd um S ta rf ire Pro f es s io na l Pl a z a ... 9 1 2 1 F o l s o m B l v d , S a c ra m ent o , C A Pres

Starfire Professional Plaza9121 Folsom Blvd, Sacramento, CA

Tenant Summary Lease Terms Proforma Income & Expenses

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AREA MAP

Subject Property

Highway 50

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The information in this offering memorandum is proprietary and strictly confidential. It is furnished solely for the purpose of review by a prospective purchaser ofthe subject property and is not to be used for any other purposes or made available to any person without the expressed written consent of the seller or AbornPowers. The information in this prospectus has been compiled from sources deemed to be reliable. However, neither the information nor the reliability of their

sources are guaranteed by Aborn Powers or the Seller. A prospective seller must make its own independent investigations, projections, and conclusions regardingthe acquisition of the property without reliance on this or any other confidential information written or verbal.

DISCLAIMER


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