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Property profile & analytics
OFF-MARKET
Medical Office Space

6819 Watt Ave North Highlands, CA 95660

Built 2007
Individually Owned 3-yr Hold
Property ID
US09-0037669
Property summary
AI-generated overview

This exceptional ±14,490 square foot medical office building, constructed in 2007, presents a unique investment opportunity in North Highlands, California. Located at 6819 Watt Avenue, this single-tenant property boasts a prime location at the high-traffic intersection of Watt and Elkhorn Avenues, experiencing 70,000 vehicles per day. The building features prominent building and monument signage with an electronic reader, ensuring excellent visibility. Ample parking is available with approximately 55 spaces. Access is convenient with two rear ingress/egress points and extended loading on Watt Avenue, plus extended ingress/egress on Elkhorn Avenue. The property is zoned Commercial Mixed-Use CMU (Specific Planning Area SPA), allowing for a variety of permitted uses as detailed in the zoning documents (pages 87-90). The master lease expires on December 31, 2032, with a suggested annual rent of $185,000. The property is offered "as-is," and all offers are subject to the approval of Walgreens Co.'s Real Estate Committee. This location benefits from proximity to major retailers including Ross, Big Lots, In-N-Out Burger, Starbucks, McDonald's, AutoZone, Jiffy Lube, and Popeye's Chicken. The property is approximately 12 miles northeast of Sacramento and 2 miles from Sacramento McClellan Airport.

Property profile
Verified
Property type Medical Office Space
Year built 2007
UPID US09-0037669
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FedEx OnSite Postal Service Courier Service
  • COVID-19 Drive-Thru Testing at Walgreens Pharmacy
  • BMO - ATM Atm
  • Western Union Bank Credit Union
  • Van Powers, RPh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Albert Lao · 3 yrs held
Albert Lao
since 2023
3 recorded transactions
2023
Price N/A
2023
$6.4M
2019
$7.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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