490 Chadbourne Rd Fairfield, CA 94534

Property Details for 490 Chadbourne Rd

Year built

2001

Lot size

0.40 lot acres

Property size

32,582 SF

Zone code

COMM. OFFICE

Property type

Medical offices

Property subtype

Medical centers

APN

0028-761-280

APU

28761280

Description

This exceptional investment opportunity presents the chance to acquire the fee simple interest in Busch Campus Park, a 108,010-square-foot office campus located in Fairfield, California. Situated at the intersection of Interstate 80 and Highway 12, this Class B property boasts a prime location within Fairfield's commercial corridor. Currently 88% occupied, the multi-tenant property offers a strong existing cash flow and significant upside potential. The property features a diverse tenancy, with strong investment-grade tenants, and demonstrates exceptional leasing momentum, showcasing consistent growth over the past two years. The flexible lease structure (NNN) allows for a variety of exit strategies. The property is impeccably maintained, exhibiting excellent curb appeal. This value-add opportunity allows for near-term net operating income growth through lease-up and presents the potential for conversion of existing suites into medical office space, catering to the increasing demand for suburban medical facilities. The asking price is $18,350,000, representing a 7.25% capitalization rate. This property is a compelling investment for those seeking strong cash flow, growth potential, and a strategically positioned asset in a thriving market.

Location Insight

City

Fairfield

County

Solano

State

California

Longitude

-122.082

Latitude

38.2348

CBSA code

46700

CBSA name

VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments