333 Sunset AveSuisun City, CA 94585

  • Medical offices
  • 74,536 SF
For Lease
$20.28/SF/YR View listing

Property Details for 333 Sunset Ave

Year built
1992
Lot size
4.03 AC
Property size (Sq ft)
74,536 SF
Property type
Medical offices
Property subtype
Medical centers
APN
0173-010-440
APU
173010440

Description

This exceptional 74,537-square-foot Class B office building, situated on a 4.03-acre lot in Suisun City, California, presents a compelling investment opportunity. Built in 1994, this three-story structure boasts a concrete, steel, and granite construction, offering substantial durability and aesthetic appeal. Currently operating at 30% occupancy, the property offers significant upside potential for increased revenue. The building features three elevators and ample parking, ensuring convenient access for tenants and visitors. Its prime location at a bustling commercial intersection provides excellent visibility and accessibility. Across the street, two shopping plazas offer a variety of amenities, including Starbucks, restaurants, and shops, enhancing the convenience for tenants and clients. The property's strategic location within Solano County, one of California's fastest-growing counties, provides easy access to major markets, including the San Francisco East Bay, Sacramento, and San Francisco corridors. The building enjoys abundant natural light and lush landscaping, creating a positive and productive work environment. The asking price is $10,500,000, translating to $140.87 per square foot. The seller is motivated and will consider seller financing with a minimum down payment of $4 million. The property is zoned for commercial use and features multiple tenancies, making it suitable for a variety of uses, including executive, medical, and traditional office spaces. This property represents a rare opportunity to acquire a well-located, multi-tenant office building with significant growth potential in a thriving market. The APN is 0173-010-440.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $25,340,918
    6.5%
    $23,391,616
    7%
    $21,720,786
  • Comparable approach

    Method
    Valuation
    Relative Method
    $18,778,636
    Geo Method
    $10,642,250
  • Alternative Use

    Use
    Valuation
    Residential
    $29,005,604
    Hospitality
    $26,568,978
    Educational
    $22,105,078
    Medical
    $22,865,304
    Retail
    $34,385,676

Location Insight

City
Suisun City
County
Solano
State
California
Latitude
38.2472
Longitude
-122.019
CBSA code
46700
CBSA name
VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$123,949
$759,000
$10,091,000
$10,850,000
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