For Sale
$3,250,000

3985 Foothills Blvd Roseville, CA 95747

Net-leased medical building, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 6,182 square foot medical office building located at 3985 Foothills Boulevard in Roseville, California. The property, built in 2004, sits on a 0.8-acre lot and boasts 20 parking spaces. Currently occupied by Bird and Pet Clinic of Roseville under a Net Lease (NN) agreement, the tenant has demonstrated remarkable longevity, occupying the space for over 18 years and recently extending their lease to December 30, 2029, with a rental increase anticipated in January 2024. The lease features three 5-year options, providing long-term stability and predictable income. The property offers a strong 5.18% cap rate based on a Net Operating Income (NOI) of $168,396 and an asking price of $3,250,000 ($525.72 per square foot). The tenant's specialized veterinary practice draws clients regionally, contributing to consistent occupancy and revenue. The prominent Roseville location ensures high visibility and accessibility, benefiting from significant traffic and a dense population. Attractive local financing options are available, subject to buyer and lender approval, with a potential interest rate of 4.95%. This is a rare opportunity to acquire a well-maintained, recession-resistant medical office investment with a highly committed, long-term tenant in a prime Roseville location.

Highlights

  • Tenant executed an early lease extension through December 31, 2029, with a rent increase in January 2024.
  • Bird and Pet Clinic of Roseville has occupied the property for over 18 years.
  • The tenant operates a specialized veterinary practice with a regional client base.
  • The property enjoys a prominent Roseville location with high traffic and population density.

Property Details for 3985 Foothills Blvd

Property type
Office properties, Medical offices
Square Feet
6,182 SF
Year Built
2004
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Roseville
County
Placer
State
California
Latitude
38.7504177
Longitude
-121.3077504

FAQs

What type of property is this?
Office property - Net-leased medical building, strong tenant.
Where is the office property located?
The property is located at 3985 Foothills Blvd Roseville, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Tenant executed an early lease extension through December 31, 2029, with a rent increase in January 2024.; Bird and Pet Clinic of Roseville has occupied the property for over 18 years.; The tenant operates a specialized veterinary practice with a regional client base.
How can I contact the broker?
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3985 Foothills Blvd
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