6337 Matheny WayCitrus Heights, CA 95621

Property Details for 6337 Matheny Way

Year built

1986

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

6,640 SF

Zone code

SPA

Property type

Healthcare properties

Property subtype

Medical offices

APN

229-0010-038-0000

APU

22900100380000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $879,169

  6.5%

  $811,540

  7%

  $753,573

• Comparable approach

  Method

  Valuation

  Relative Method

  $948,059

  Geo Method

  $948,059

• Alternative Use

  Use

  Valuation

  Residential

  $1,006,310

  Hospitality

  $921,774

  Educational

  $766,906

  Medical

  $793,281

  Retail

  $1,192,964

Location Insight

City

Citrus Heights

County

Sacramento

State

California

Latitude

38.6814

Longitude

-121.323

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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