721 River Dr Fort Bragg, CA 95437
721 River Dr, Fort Bragg, CA, 95437
Contact for pricing
For Sale
Contact for pricing
Medical Office Space
Property Size12,147 SF
Lot Size0.98 Acres
Price / SF$326.01
Days on Market720
Property Features for 721 River Dr
General Information
- Standard status
- Active
- Size
- 12,147 SF
- Lot size
- 0.98 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency
Marcus & Millichap - Chicago Downtown
(312) 787-0666
Listed by
Scott Barrow · License #CA 02181418
Source
Crexi
Added: Jul 29, 2024 Checked: Jul 17 at 4:10 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
Key Highlights
- 100% occupied by Adventist Health (S&P credit rating A-).
- Triple‑net lease structure with CPI (2%-5%) increase every two years.
- Four, five‑year renewal options remaining.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $524.8k | $43.20 |
| − Vacancy | −$74.5k | −$6.13 |
| EGI | $450.2k | $37.07 |
| − OpEx | −$180.1k | −$14.83 |
| NOI | $270.1k | $22.24 |
12,147 SF · lease $43.20/SF/yr · vacancy 14.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.86M
$3.38M – $4.50M
NOI $270,142 @ 7.0% cap · market cap 6.82%
Second Best
Office B
$2.52M
$2.20M – $2.94M
NOI $176,342 @ 7.0% cap · market cap 4.45%
Theoretical Best
Flex RnD
$4.54M
$3.97M – $5.30M
NOI $317,894 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Douglas Lister
Physician
Koehler Pamela
Medical Clinic
Dr. Jennifer B. ...
Pediatrician
Kirkman Jason H ...
Physician
Immediate Care: Adventist ...
Medical Clinic
Similar For Sale Nearby
FAQs
Where is this medical office space located?
The property is located at 721 River Dr Fort Bragg, CA.
What is the asking price?
The asking price for this property is $3,960,000.
What are key features of this property?
This property features: 100% occupied by Adventist Health (S&P credit rating A-).; Triple‑net lease structure with CPI (2%-5%) increase every two years.; Four, five‑year renewal options remaining.
