For Sale
$3,600,000

7501 Hospital DrSacramento, CA 95823

Multi-tenant medical office, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional three-story, 25,683 square foot medical office building in Sacramento, CA, presents a compelling investment opportunity. Located at 7501 Hospital Dr, 95823, this fee-simple property boasts 20 units ranging from 973 to 4,473 square feet, currently at 49% occupancy, offering significant upside potential. Built in 1975 and renovated in 2014, the building sits on a substantial 2.37-acre lot providing ample parking (134 spaces), a 5.1/1000 ratio. The property enjoys convenient access to Highway 99 and benefits from its strategic location within a dense medical corridor, adjacent to Dignity Methodist Hospital and near other major healthcare providers like Kaiser Permanente, Dignity Health, and Mercy. The current Net Operating Income (NOI) is $195,937, representing a 5.44% cap rate. The asking price is $3,600,000, with a price per square foot of $140.17. The 51% vacancy rate presents an attractive opportunity for owner-users to leverage SBA/504 financing. This property offers a rare combination of size, location, and potential for growth within a thriving healthcare market.

Highlights

  • 26,025 SF multi-tenant medical office building with suites ranging from 973 to 4,473 SF.
  • 2.37-acre parcel with 134 parking spaces (5.1/1,000 ratio).
  • Convenient Highway 99 access.
  • Built in 1975, renovated in 2014.
  • 51% vacancy allows for SBA/504 financing for owner-users.
  • Strong tenant synergy in Sacramento's dense medical corridor.

Property Details for 7501 Hospital Dr

Property type
Office properties, Medical offices
Square Feet
25,683 SF
Year Built/Renovated
1975/2014
Buildings
1
Stories
3
Lot Size (sq. ft)
103,237 SF
Units
20

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.464595589111
Longitude
-121.41634877444
7501 Hospital Dr, Sacramento, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7501 Hospital Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message