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    1950 Sunnycrest Dr Fullerton, CA 92835

    Sponsored
    For Lease
    $27 SF/Yr

    Seven suites available, 951-5,479 sqft.

    Lot size:
    27,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    Providence One, a Class B medical office building located at 1950 Sunny Crest Dr, Fullerton, CA 92835, offers seven available suites ranging from 951 to 5,479 square feet. This institutionally owned and operated building boasts convenient access to St. Jude Medical Center and features on-site retail amenities, elevator service, and abundant parking, including complimentary staff parking. Suite sizes are flexible, catering to various medical practices. Available suites include a retail space with excellent street exposure (Suite 1010, 951 sqft, $2.25/sqft NNN), a fully built-out dental suite (Suite 1100, 4,845 sqft, $2.95/sqft NNN, available in 90 days), and several others offering various configurations of exam rooms, offices, procedure rooms, and support spaces. Specific layouts and features vary by suite, with some including multiple restrooms, kitchens, storage, and even showers and laundry facilities. Detailed floor plans and virtual tours are available for each suite online. The building's total square footage is 27,544 sqft, with a minimum divisible space of 951 sqft and a maximum contiguous space of 5,214 sqft. All leases are NNN. This prime location presents a unique opportunity for medical professionals seeking modern, well-equipped office space in a thriving Fullerton community. Further details and a downloadable brochure are available online.

    Property Features for 1950 Sunnycrest Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,544 SF
    Class
    B
    Total Rate
    61974

    Unit(s) available at that property

    Space
    Suite 2800
    Size
    1,978 SF
    Rate per SF
    $27
    Space
    Suite 1600
    Size
    1,673 SF
    Rate per SF
    $27
    Space
    Suite 1400
    Size
    3,105 SF
    Rate per SF
    $27
    Space
    Suite 2000
    Size
    5,479 SF
    Rate per SF
    $27
    Space
    Suite 3800
    Size
    5,174 SF
    Rate per SF
    $27
    Space
    Suite 1100
    Size
    4,845 SF
    Rate per SF
    $35
    Space
    Suite 1010
    Size
    951 SF
    Rate per SF
    $27

    We can help!

    Listing Contact
    Bryan McKenney
    Bryan McKenney

    Learn more

    HighLights

    • Class B medical office building with seven suites available, ranging from 951 to 5,479 square feet.
    • Institutionally owned and operated, located at 1950 Sunny Crest Dr, Fullerton, CA 92835, near St. Jude Medical Center.
    • Building amenities include on‑site retail, elevator service, and ample complimentary staff parking.
    • Suite 1010: 951 SF retail space, $2.25/SF NNN, excellent street exposure.
    • Suite 1100: 4,845 SF fully built‑out dental suite, $2.95/SF NNN, available in 90 days.
    • Suite 1400: 3,105 SF (max contiguous 4,778 SF), $2.25/SF NNN, features 3 offices, 2 exam rooms, and ample support space.
    Property Profile Location Intelligence

    Current Use by Public Records

    OC Smile Dental ... Dental Clinic Sunny Hills Pediatric ... Pediatric Dentist HRC Fertility - Fullerton Fertility Clinic Dr. H Christopher ... Otolaryngologist Kevin Kinzinger, MD Surgeon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fullerton
    County
    Orange
    State
    California
    Longitude
    -117.9312161
    Latitude
    33.8931977

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    FAQs

    What type of property is this?
    Medical office - Seven suites available, 951-5,479 sqft.
    Where is this medical office located?
    The property is located at 1950 Sunnycrest Dr Fullerton, CA.
    What is the lease rate?
    The lease rate is $27-$35 SF/Yr.
    What are key features of this property?
    This property features: Class B medical office building with seven suites available, ranging from 951 to 5,479 square feet.; Institutionally owned and operated, located at 1950 Sunny Crest Dr, Fullerton, CA 92835, near St. Jude Medical Center.; Building amenities include on-site retail, elevator service, and ample complimentary staff parking.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1950 Sunnycrest Dr Fullerton, CA 92835
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    We can help!
    Listing Contact
    Bryan McKenney
    Bryan McKenney
    Real Estate License ID: CA 01505792
    Learn more
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