For Sale
$1,837,000

6337 Matheny WayCitrus Heights, CA 95621

Vacant Medical Office, Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6,250 square foot medical office building in Citrus Heights, CA, presents a unique owner/user opportunity. Located at 5959 Greenback Lane (AKA 6337 Matheny Way), this single-story, Class B building sits on a 0.5-acre lot and boasts a permitted Business Professional zoning. Built in 1986, the property features a fully functional, Medicare-approved Ambulatory Surgical Center (ASC) with two operating rooms, plus approximately 3,125 square feet of additional clinic/office space. Approximately 1,000 square feet of the clinic/office space is within a two-hour firewall of the ASC and could be easily incorporated into the ASC. The current tenant, NVISION Eye Centers, has expressed interest in a lease buyout or sublease, potentially allowing for a buyout during escrow. The property is currently vacant. The asking price is $1,837,000, representing a pro-forma cap rate of 10.45% and a price per square foot of $293.92. The lease is NNN with a single tenant and expires January 31, 2028, with a one 5-year lease option. The APN is 229-0010-038-0000. This is an ideal opportunity for an owner/user seeking a well-equipped medical facility in a prime location. The property's size, location, and existing infrastructure make it a highly attractive investment.

Highlights

  • 6,250 SF medical office building in Citrus Heights, CA.
  • Single-story, Class B building on a 0.5-acre lot with Business Professional zoning.
  • Features a fully functional, Medicare-approved ASC with two operating rooms and 3,125 SF of additional clinic/office space.
  • Currently vacant; NVISION Eye Centers lease buyout or sublease possible.
  • Asking price: $1,837,000 ($293.92/SF), pro-forma cap rate of 10.45%.

Property Details for 6337 Matheny Way

Property type
Office properties, Medical offices
Square Feet
6,250 SF
Class
B
Year Built
1986
Buildings
1
Stories
1
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Citrus Heights
County
Sacramento
State
California
Latitude
38.6813587
Longitude
-121.3224737
6337 Matheny Way, Citrus Heights, California

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6337 Matheny Way
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