INVESTMENT PROPERTY - LoopNet...Roof Repairs $ 3,270 Electrical Repairs $ 2,780 Plumbing Repairs $...

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INVESTMENT PROPERTY $4,050,000 5200–5252 SUNRISE BOULEVARD FAIR OAKS, CALIFORNIA 95628 COMMERCIAL DRE LICENSE# 01215931 PRIME LOCATION FULLY LEASED EXCELLENT VISIBILITY GREAT TENANT MIX ADJACENT TO SUNRISE MARKETPLACE DAILY TRAFFIC COUNT OVER 42.OOO JOHN BELEGRIN 916.804.0657 DRE LICENSE# 00668390

Transcript of INVESTMENT PROPERTY - LoopNet...Roof Repairs $ 3,270 Electrical Repairs $ 2,780 Plumbing Repairs $...

Page 1: INVESTMENT PROPERTY - LoopNet...Roof Repairs $ 3,270 Electrical Repairs $ 2,780 Plumbing Repairs $ 2,800 Miscellaneous Repairs $ 3,000 HVAC $ 8,640 Landscaping $ 6,600 Trash Removal

INVESTMENT PROPERTY

$4,050,000

5200–5252 SUNRISE BOULEVARDFAIR OAKS, CALIFORNIA 95628

C O M M E R C I A LD R E L I C E N S E # 0 1 2 1 5 9 3 1

• PRIME LOCATION

• FULLY LEASED

• EXCELLENT VISIBILITY

• GREAT TENANT MIX

• ADJACENT TO SUNRISE MARKETPLACE

• DAILY TRAFFIC COUNT OVER 42.OOO

JOHN BELEGRIN916.804.0657

D R E L I C E N S E # 0 0 6 6 8 3 9 0

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SITE LOCATION

The Sunrise Wildridge Center is a 20,480 square foot, two-building complex in the heart of the Fair Oaks/Citrus Heights retail/business district. It is located at the corner of Sunrise Boulevard and Wildridge Drive in Fair Oaks. This attractive complex offers high visibility from Sunrise Boulevard, just south of Madison Avenue. The center has very easy access from the Sunrise Wildridge traffic light. Tenants’ signage is highly visible from Sunrise Boulevard.

The Sunrise Wildridge Center is adjacent to the Sunrise MarketPlace, the shopping hub of Fair Oaks and Citrus Heights. Sunrise MarketPlace is a 10-block regional shopping destination including Sunrise Mall, anchored by Macy’s, J C Penny and Sears; and the Birdcage Center, anchored by Target, Lowe’s, Best Buy, Barnes & Noble and Michaels.

The area has very strong demographics.

PROJECT DESCRIPTION

C O M M E R C I A L

The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

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OFFERING SUMMARY

PRICE $4,050,000

PRICE PER SQUARE FOOT $197.75

CAPITALIZATION RATE 6.78%

NET OPERATING INCOME $274,632

LEASE TYPE Full Service Gross

PROPERTY TYPE Office - Retail

RENTABLE SQUARE FEET 20,480 SF

LAND AREA Approximate 1.76 Acres

PERCENT LEASED 100%

YEAR BUILT 1978

ZONING BP Business Professional

APN 233-0142-039-0000

PARKING RATIO 4 Per 1000 SF

LOCATION North East Corner of Sunrise Boulevard & Wildridge Drive

TRAFFIC COUNTS (2012)

Sunrise Boulevard at Madison43,983 ADT

Madison Avenue at Sunrise 21,399 ADT

5252 SUNRISE BOULEVARDSUITE 1

C O M M E R C I A L

The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

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PROPERTY INCOME

INCOME RENTS AS OF 1.1.2018

BASE RENTAL REVENUE $458,920Expense Reimbursement -0-Gross Revenue $458,920Vacancy (3%) - $13,768

Adjusted Gross Income $445,152

OPERATING EXPENSESProperty Taxes $ 42,500Insurance $ 5,400Electricity $ 49,005Water $ 2,095Sewer $ 4,740Janitorial & Supplies $ 19,590Property Management Fees $ 10,800Roof Repairs $ 3,270Electrical Repairs $ 2,780Plumbing Repairs $ 2,800Miscellaneous Repairs $ 3,000HVAC $ 8,640Landscaping $ 6,600Trash Removal $ 9,300

Total Operating Expenses $170,520

NET OPERATING INCOME $274,632 TEXTURES SALON

C O M M E R C I A L

The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

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RE/MAX GOLD COMMERCIAL5200 & 5252 SUNRISE BLVD., FAIR OAKS, CA 95628

ORANGE COAST TITLE

C O M M E R C I A L

The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

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PROSTHODONTIC DENTAL SUITE

RE/MAX GOLD INTERIORS

RE/MAX GOLD COMMERCIAL5200 & 5252 SUNRISE BLVD., FAIR OAKS, CA 95628

C O M M E R C I A L

The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

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JOHN BELEGRIN916.804.0657

[email protected] LICENSE# 00668390

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5252 SUNRISE BOULEVARD, SUITE 6FAIR OAKS, CA 95628

VIEW OF CAPITAL NURSERY PLAZA & SUNRISE MALL TO THE NORTH

VIEW OF QUAIL POINT CENTER TO THE WEST