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945 Orchard Creek Ln 9,880 SF 100% Leased Office Building Lincoln, CA 95648 $3,387,125 CAD ($342.83 CAD/SF) 6.17% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased Dental/Office Building in Highly Desirable Location
- Trophy Location - Out-Parcel to Lincoln Hills Golf Course and Orchard Creek Lodge
- High Yield Passive Income Opportunity - 6.17% Cap Rate (current)
- Quality 2000’s Construction
EXECUTIVE SUMMARY
The Moroz Drake Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 945 Orchard Creek Lane (“The Property”), a true trophy quality medical/dental building located in the desirable City of Lincoln, California. The property is situated on a hard corner at the entrance of Lincoln Hills Golf Course, located within the Sun City Lincoln Hills development, an award winning 55 and older active adult living community with 6,703 single family homes, golf course, and resort amenities.
The property is comprised of a 10,485 square foot freestanding single-story medical office building that is fully leased to four (4) separate tenants. The weighted average lease term (WALT) for the project is 5.6 years providing stable passive cash-flow. The building was developed in 2000 and features quality construction with a pitched metal standing seam roof requiring very little maintenance.
945 Orchard Creek Lane represents a truly rare opportunity to own a well-maintained, passive leased investment, in an irreplaceable trophy location in one of the region’s fastest growing submarkets.
The property is comprised of a 10,485 square foot freestanding single-story medical office building that is fully leased to four (4) separate tenants. The weighted average lease term (WALT) for the project is 5.6 years providing stable passive cash-flow. The building was developed in 2000 and features quality construction with a pitched metal standing seam roof requiring very little maintenance.
945 Orchard Creek Lane represents a truly rare opportunity to own a well-maintained, passive leased investment, in an irreplaceable trophy location in one of the region’s fastest growing submarkets.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,880 SF
Building Class
B
Year Built
2000
Price
$3,387,125 CAD
Price Per SF
$342.83 CAD
Cap Rate
6.17%
NOI
$208,986 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,880 SF
Building FAR
0.21
Lot Size
1.10 AC
1 1
PROPERTY TAXES
| Parcel Number | 330-015-004 | Improvements Assessment | $1,797,250 CAD |
| Land Assessment | $829,500 CAD | Total Assessment | $2,626,750 CAD |
PROPERTY TAXES
Parcel Number
330-015-004
Land Assessment
$829,500 CAD
Improvements Assessment
$1,797,250 CAD
Total Assessment
$2,626,750 CAD
CONTACTS
-
Christopher Drake -
Russ Moroz -
Abdullah Sulaiman -
Matt Sulaiman -
James Beeghly -
Marcus & Millichap Real Estate Investment Services
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945 Orchard Creek Ln
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