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INVESTMENT PROPERTY - LoopNet ... Roof Repairs $ 3,270 Electrical Repairs $ 2,780 Plumbing Repairs $ 2,800 Miscellaneous Repairs $ 3,000 HVAC $ 8,640 Landscaping $ 6,600 Trash Removal

Aug 05, 2020

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  • INVESTMENT PROPERTY

    $4,050,000

    5200–5252 SUNRISE BOULEVARD FAIR OAKS, CALIFORNIA 95628

    C O M M E R C I A L D R E L I C E N S E # 0 1 2 1 5 9 3 1

    • PRIME LOCATION

    • FULLY LEASED

    • EXCELLENT VISIBILITY

    • GREAT TENANT MIX

    • ADJACENT TO SUNRISE MARKETPLACE

    • DAILY TRAFFIC COUNT OVER 42.OOO

    JOHN BELEGRIN 916.804.0657

    D R E L I C E N S E # 0 0 6 6 8 3 9 0

  • SITE LOCATION

    The Sunrise Wildridge Center is a 20,480 square foot, two- building complex in the heart of the Fair Oaks/Citrus Heights retail/business district. It is located at the corner of Sunrise Boulevard and Wildridge Drive in Fair Oaks. This attractive complex offers high visibility from Sunrise Boulevard, just south of Madison Avenue. The center has very easy access from the Sunrise Wildridge traffic light. Tenants’ signage is highly visible from Sunrise Boulevard.

    The Sunrise Wildridge Center is adjacent to the Sunrise MarketPlace, the shopping hub of Fair Oaks and Citrus Heights. Sunrise MarketPlace is a 10-block regional shopping destination including Sunrise Mall, anchored by Macy’s, J C Penny and Sears; and the Birdcage Center, anchored by Target, Lowe’s, Best Buy, Barnes & Noble and Michaels.

    The area has very strong demographics.

    PROJECT DESCRIPTION

    C O M M E R C I A L

    The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

    PAGE 1

  • OFFERING SUMMARY

    PRICE $4,050,000

    PRICE PER SQUARE FOOT $197.75

    CAPITALIZATION RATE 6.78%

    NET OPERATING INCOME $274,632

    LEASE TYPE Full Service Gross

    PROPERTY TYPE Office - Retail

    RENTABLE SQUARE FEET 20,480 SF

    LAND AREA Approximate 1.76 Acres

    PERCENT LEASED 100%

    YEAR BUILT 1978

    ZONING BP Business Professional

    APN 233-0142-039-0000

    PARKING RATIO 4 Per 1000 SF

    LOCATION North East Corner of Sunrise Boulevard & Wildridge Drive

    TRAFFIC COUNTS (2012)

    Sunrise Boulevard at Madison 43,983 ADT

    Madison Avenue at Sunrise 21,399 ADT

    5252 SUNRISE BOULEVARD SUITE 1

    C O M M E R C I A L

    The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

    PAGE 2

  • PROPERTY INCOME

    INCOME RENTS AS OF 1.1.2018

    BASE RENTAL REVENUE $458,920 Expense Reimbursement -0- Gross Revenue $458,920 Vacancy (3%) - $13,768

    Adjusted Gross Income $445,152

    OPERATING EXPENSES Property Taxes $ 42,500 Insurance $ 5,400 Electricity $ 49,005 Water $ 2,095 Sewer $ 4,740 Janitorial & Supplies $ 19,590 Property Management Fees $ 10,800 Roof Repairs $ 3,270 Electrical Repairs $ 2,780 Plumbing Repairs $ 2,800 Miscellaneous Repairs $ 3,000 HVAC $ 8,640 Landscaping $ 6,600 Trash Removal $ 9,300

    Total Operating Expenses $170,520

    NET OPERATING INCOME $274,632 TEXTURES SALON

    C O M M E R C I A L

    The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

    PAGE 3

  • RE/MAX GOLD COMMERCIAL 5200 & 5252 SUNRISE BLVD., FAIR OAKS, CA 95628

    ORANGE COAST TITLE

    C O M M E R C I A L

    The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

    PAGE 4

  • PROSTHODONTIC DENTAL SUITE

    RE/MAX GOLD INTERIORS

    RE/MAX GOLD COMMERCIAL 5200 & 5252 SUNRISE BLVD., FAIR OAKS, CA 95628

    C O M M E R C I A L

    The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.

    PAGE 5

  • JOHN BELEGRIN 916.804.0657

    [email protected] DRE LICENSE# 00668390

    ______________

    5252 SUNRISE BOULEVARD, SUITE 6 FAIR OAKS, CA 95628

    VIEW OF CAPITAL NURSERY PLAZA & SUNRISE MALL TO THE NORTH

    VIEW OF QUAIL POINT CENTER TO THE WEST