Getz
3636-3640 American River Drive

3636-3640 American River Drive

3636-3640 American River Drive

Sacramento, CA 95864

94%
Occupancy
Office
Property Type
127,235 SF
Square Feet
Sacramento
City
A
Building Class
$26,250,000
Asking Price

Description

CBRE, Inc. in concert with Newmark, is pleased to offer a 94% leased Class A suburban office complex that has long demonstrated its attractiveness to top tier tenants despite ambient market conditions that have proven challenging for the majority of its competitive set. The Subject offers a compelling value proposition which has stood it in good stead for decades:

  • Institutional ownership which has not stinted relative to care and maintenance of the physical plant and its attendant lush, verdant landscaping.
  • A truly extraordinary location which offers instant access to U.S. Highway 50 and thus to all area freeways and interstates.
  • The Subject sits in a bucolic suburban setting but is only 15 minutes from Sacramento’s Central Business District, the State Capitol, and both State and Federal Courts.
  • Proximity to Sacramento’s best executive housing as well as less expensive accommodations for all income demographics.
  • Mere minutes from some of the region’s finest restaurants, shopping and service retail.
  • The Complex boasts long-term, committed tenants with de minimis likelihood of tenant relocations thus promising secure and durable income streams well into the future.

Offering Summary

Property TypeOffice
Asking Price$26,250,000
Price PSF$206

Sale Details

Walt7.05 Years
Cap Rate7.21%
NOI$1,893,404

Documents

Property Address

Property Details

Property TypeOffice
Square Feet127,235 SF
Occupancy94%
Building ClassA
Year Built1976
Year Renovated2024
Stories2
Operating Expenses (SF)$9/SF
Parking Ratio3.78
Total Parking477
TenancyMulti
Lease TypeFull-Service Gross
ZoningBP
APN292-0180-065-0000
Ownership InterestFee Simple
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Deal Team

Randy Getz

Randy Getz

Executive Vice President
CA RE Lic. 00828903