490 Chadbourne Rd, Fairfield, CA 94534-9613
- Medical Office Space
- 32,582 SF
- 0.40 lot acres
Current Use by Public Records
- Davinci Meeting Rooms / Marketing & Advertising / Event Planning
- Sheilla Vidal / Insurance Agency
- PacifikLive / Radio Station / Telecommunications Service
- Penney & Associates / Law Firm
- Dr. Oleg F. Rubin, MD / Physician / Medical Clinic
Property Details for 490 Chadbourne Rd
- Year built
- 2001
- Lot size
- 0.40 lot acres
- Zone code
- COMM. OFFICE
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 0028-761-280
- APU
- 28761280
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 3, 2021 | — | Cdi Limited Liability Company | — | Deed · related | $8.4M · Bank Of Stockton |
| Jun 19, 2019 | — | Cdi LLC | — | Deed · related | $550k · Martin S Wong |
| Mar 3, 2016 | — | Cdi Limited Liability Company | Fairfield Sc Holdings LLC | Grant Deed | $8.1M · Bay Commercial Bank |
| Jun 28, 2012 | — | Fairfield Sc Holding LLC | Cdi LLC | Grant Deed | — |
| — | — | Cdi LLC | — | Deed Of Trust · related | $550k · Martin S Wong |
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,138,000
Market price range: $1.39M - $7.26M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $8,715,000 Current use
- INDUSTRIAL (GENERAL)
- $8,640,000 Change: -1% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $8,195,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Solano
- State
- California
- Longitude
- -122.082
- Latitude
- 38.2348
- CBSA code
- 46700
- CBSA name
- VALLEJO-FAIRFIELD, CA METROPOLITAN STATISTICAL AREA
