3985 Foothills Blvd Roseville, CA 95747-7256
- Medical Office Space
- 6,182 SF
- 0.80 lot acres
Current Use by Public Records
- Bird & Pet Clinic of Roseville / Veterinary Clinic
- Bird & Pet Clinic of Roseville: Gary Forney DVM / Veterinary Clinic
- Bird & Pet Clinic of Roseville: Popke Corinne DVM / Veterinary Clinic
- Bird & Pet Clinic of Roseville: Cabrera Omar DVM / Veterinary Clinic
- Victoria Joseph DVM / Veterinary Clinic
Property Details for 3985 Foothills Blvd
- Year built
- 2004
- Construction
- WOOD
- Lot size
- 0.80 lot acres
- Property size
- 6,182 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 012-250-066-000
- APU
- 12250066000
Description
This exceptional investment opportunity presents a 6,182 square foot medical office building located at 3985 Foothills Boulevard in Roseville, California. The property, built in 2004, sits on a 0.8-acre lot and boasts 20 parking spaces. Currently occupied by Bird and Pet Clinic of Roseville under a Net Lease (NN) agreement, the tenant has demonstrated remarkable longevity, occupying the space for over 18 years and recently extending their lease to December 30, 2029, with a rental increase anticipated in January 2024. The lease features three 5-year options, providing long-term stability and predictable income. The property offers a strong 5.18% cap rate based on a Net Operating Income (NOI) of $168,396 and an asking price of $3,250,000 ($525.72 per square foot). The tenant's specialized veterinary practice draws clients regionally, contributing to consistent occupancy and revenue. The prominent Roseville location ensures high visibility and accessibility, benefiting from significant traffic and a dense population. Attractive local financing options are available, subject to buyer and lender approval, with a potential interest rate of 4.95%. This is a rare opportunity to acquire a well-maintained, recession-resistant medical office investment with a highly committed, long-term tenant in a prime Roseville location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $554,000
Market price range: $250k - $946k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,475,000 Current use
- RETAIL STORES
- $1,440,000 Change: -2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Roseville
- County
- Placer
- State
- California
- Longitude
- -121.308
- Latitude
- 38.7503
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA