2650 21St St, Sacramento, CA 95818
14,868 SF | 100% Leased | Office Building | Sacramento, CA 95818 | $4,500,000 ($303/SF) | 6.24% Cap Rate
For Sale
Active
Asking Price $4,500,000
- Property Type
-
Office
- Square Feet
- 14,868 SF
- Price / Square Foot
- $303
Listing Contacts
William Yeh
Property Overview
The Dental Arts Professional Building located at 2650 21st St, Sacramento is a fully leased, diversified, investment-grade asset consisting of ±14,868 sq ft over two-story. All 8 suites are leased to a strong mix of internet an recession resistant medical/dental professionals. The building is situated in the northwest corner of Curtis Park bordering Land Park just south of Midtown. Its central location is just five blocks from I80, three miles from the I80/I5/99 junction, and 1.5 miles from the financial district. With more than 50% of the building leased through the end of 2026 and significant tenant improvements invested into the building’s common areas and suites, the Dental Arts Professional Building is a well positioned investment-grade commercial property poised to enjoy stable long-term performance with minimal tenant turnover.
Built in 1977, this pride-of-ownership building underwent a major renovation and repositioning in 2018 including new interior and exterior paint, new carpet throughout, new directory signage, and new 21st Street-facing building branding establishing it as a landmark medical/dental building in the surrounding community. In September of 2022, the ownership also completed an energy retrofit, converting all thermostats in the building to wifi-enabled smart thermostats with cloud-based management in addition to LED lighting upgrades to minimize both the building’s carbon footprint as well as CAM reimbursements, further adding value to the buildings tenants.
Built in 1977, this pride-of-ownership building underwent a major renovation and repositioning in 2018 including new interior and exterior paint, new carpet throughout, new directory signage, and new 21st Street-facing building branding establishing it as a landmark medical/dental building in the surrounding community. In September of 2022, the ownership also completed an energy retrofit, converting all thermostats in the building to wifi-enabled smart thermostats with cloud-based management in addition to LED lighting upgrades to minimize both the building’s carbon footprint as well as CAM reimbursements, further adding value to the buildings tenants.
Property Details
- Class
- B
- Year Built
- 1975
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 31,799 SF
Highlights
- Pandemic and internet resistant medical office asset class
- Multi-tenant rent roll for investment diversification
- Significant investments in tenant improvement and common area renovation
- Located in a mature submarket with barriers to entry and minimal competition
- Located in Sacramento’s prestigious Curtis Park neighborhood
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