For more information regarding the value of a property, please contact us for a free consultation.
8001 Madison AVE Citrus Heights, CA 95610
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,061,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 4,641 sqft
Price per Sqft $228
MLS Listing ID 222105253
Sold Date 09/08/22
HOA Y/N No
Year Built 1979
Lot Size 1.030 Acres
Acres 1.03
Property Sub-Type Office
Property Description
ABSOLUTELY BEST sole MEDICAL OFFICES prime tenant- DIGNITY HEALTH- pays $9531.55 per month. This payment includes $1420.30 for PROPERTY TAXES and INSURANCE. Current lease has three years remaining and a 5 YEAR OPTION. SOLID INVESTMENT property at $97,335.00 annual income with AMAZING 8.8 - G.R.M. BEST OF ALL, tenant pays all expenses including landscaping, water, utilities, garbage and landlord reaps FANTASTIC 11.7% CAP RATE!!! This is an INCREDIBLE INVESTMENT OPPORTUNITY. Will not last!
Location
State CA
County Sacramento
Area 10610
Zoning BP - County Land Use Office- Medical
Interior
Heating Central
Cooling Central Air
Flooring Vinyl, Carpet
Fireplace No
Exterior
Utilities Available Internet Available, Phone Connected, Separate Water Meter
Roof Type Other,Tile
Handicap Access Wheelchair Access, Accessible Bathroom(s), Parking, Accessible Approach with Ramp
Total Parking Spaces 53
Building
Lot Description Curb(s), Professional Complex, Neighborhood
Foundation Concrete
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 23300430080000
Acceptable Financing See Remarks
Listing Terms See Remarks
Read Less
