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2390 E Bidwell St
Folsom, CA 95630
MEDICAL INVESTMENT · Office Property For Sale
Investment Highlights
- Leased to Sutter Health; AA- Credit Rated tenant with Annual Rent Increases
- Affluent City of Folsom, CA, where houses regularly exceed $1,000,000.
- Located within a dense cluster of medical and professional office users, ideal for referrals and shared customer base
- Over $1.75 million in recent capital & tenant improvements
- Within Half a Mile from major national retailers including Target, Home Depot, Chipotle, Lowes, Chick-fil-A, and Whole Foods
- Folsom Medical Office Vacancy at only 4.5% (2024 Q4)
Executive Summary
Introducing SUTTER MEDICAL BUILDING on East Bidwell in Folsom, CA! This investment opportunity features a fully leased ±8,141 SF medical building with three tenants, recently renovated with over $1.5 million in improvements.
The property is anchored by Sutter Heath a AA- credit rated tenant and and sits on a 1.45-acre lot in a prime location. Located in affluent Folsom, the building benefits from a low 4.5% medical office vacancy rate. Its proximity to Highway 50 offers easy regional access, and it is surrounded by major retailers and high-traffic areas. The property's excellent street frontage to E. Bidwell at Oak Avenue is unsurpassed, where traffic counts are over 30K vehicles per day and ample parking (5:1000 ratio) make it an attractive investment within a dense medical and professional office hub, ideal for referrals and shared clientele.
Don't miss the opportunity to own 2390 E. BIDWELL ST. - a lucrative and promising investment in the heart of Folsom!
The property is anchored by Sutter Heath a AA- credit rated tenant and and sits on a 1.45-acre lot in a prime location. Located in affluent Folsom, the building benefits from a low 4.5% medical office vacancy rate. Its proximity to Highway 50 offers easy regional access, and it is surrounded by major retailers and high-traffic areas. The property's excellent street frontage to E. Bidwell at Oak Avenue is unsurpassed, where traffic counts are over 30K vehicles per day and ample parking (5:1000 ratio) make it an attractive investment within a dense medical and professional office hub, ideal for referrals and shared clientele.
Don't miss the opportunity to own 2390 E. BIDWELL ST. - a lucrative and promising investment in the heart of Folsom!
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
8,000 SF
Building Class
B
Year Built/Renovated
1999/2024
Price
$4,496,433 CAD
Price Per SF
$562.05 CAD
Cap Rate
5.13%
NOI
$230,887 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.13
Lot Size
1.45 AC
Zoning
C2-D, Folsom
Parking
40 Spaces (5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 072-0031-045 | Improvements Assessment | $2,226,550 CAD |
| Land Assessment | $795,906 CAD | Total Assessment | $3,022,456 CAD |
Property Taxes
Parcel Number
072-0031-045
Land Assessment
$795,906 CAD
Improvements Assessment
$2,226,550 CAD
Total Assessment
$3,022,456 CAD
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