Property summary
This exceptional 6,250 square foot medical office building in Citrus Heights, CA, presents a unique owner/user opportunity. Located at 5959 Greenback Lane (AKA 6337 Matheny Way), this single-story, Class B building sits on a 0.5-acre lot and boasts a permitted Business Professional zoning. Built in 1986, the property features a fully functional, Medicare-approved Ambulatory Surgical Center (ASC) with two operating rooms, plus approximately 3,125 square feet of additional clinic/office space. Approximately 1,000 square feet of the clinic/office space is within a two-hour firewall of the ASC and could be easily incorporated into the ASC. The current tenant, NVISION Eye Centers, has expressed interest in a lease buyout or sublease, potentially allowing for a buyout during escrow. The property is currently vacant. The asking price is $1,837,000, representing a pro-forma cap rate of 10.45% and a price per square foot of $293.92. The lease is NNN with a single tenant and expires January 31, 2028, with a one 5-year lease option. The APN is 229-0010-038-0000. This is an ideal opportunity for an owner/user seeking a well-equipped medical facility in a prime location. The property's size, location, and existing infrastructure make it a highly attractive investment.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
A. Purpose. The provisions of this Section are intended to allow development within the Antelope Commons SPA to buffer future residents from Antelope Road and adjoining commercial uses, and support an innovative mixed us…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Citrus Heights market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
SPA · Citrus Heights, CAA. Purpose. The provisions of this Section are intended to allow development within the Antelope Commons SPA to buffer future residents from Antelope Road and adjoining commercial uses, and support an innovative mixed us…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
A. Purpose. The provisions of this Section are intended to allow development within the Antelope Commons SPA to buffer future residents from Antelope Road and adjoining commercial uses, and support an innovative mixed us…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SPA in Citrus Heights, CA.
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