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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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