1420 river park drive | sacramento · ing and the remaining space is leased to smaller,...
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1420 RIVER PARK DRIVE | SACRAMENTOSingle Tenant “NNN” Investment Opportunity
BRANDON SESSIONSVice PresidentTel: (916) [email protected] Lic. #01914432
ROBB OSBORNESenior Vice PresidentTel: (916) [email protected] Lic. #01398696
Osborne Group | TRI Commercial | 532 Gibson Drive, Suite 200 | Roseville, CA | BRE # 00532032
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
LINCOLN GATEWAY100-170 GATEWAY DRIVE | LINCOLN, CA 95648
1420 RIVER PARK DRIVESACRAMENTO, CA
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
1420 River Park Drive is a two-story, multi-tenant, medical building located in, Sacramento, CA. The Property consists of approximately ± 15,702 square feet. The building was built in 1980 and is located within the Point West Financial Center. The property is being offered as a seller-lease back transaction, with a “NNN” ten-ant in place. The property features include newly landscaped exteriors, updated common areas, and ample parking. The property also enjoys excellent access to many shopping, retail and restaurant centers. Most notably, the 1,100,000 square foot Arden Fair Mall with over 165 retail tenants, anchored by JCPenneys, Macy’s Nordstrom and Sears.
1420 River Park Drive is located 13 miles from Downtown Sacramento and 23 miles from Sacramento International Airport. Situated in the center of the Point West Submarket, the property caters well to the surrounding, established residen-tial neighborhoods.
The Property is leased to Nivano Physicians, an organization created to provide advanced communication between patient, physician and health care insurance providers. Nivano Physicians was incorporated in May of 1998 as a third party administrator dedicated to high standards of service maintained by quality com-munication among all concerned parties. Today, Nivano Physicians is an Indepen-dent Practice Association with contracted relationships that represent hundreds of providers serving thousands of patients in California.
1420 River Park Drive offers investors a quality building and a fully leased medical investment within the highly desired Point West submarket.
PRICE: NOI: CAP RATE:$3,750,000 $225,000 6%
Executive Summary
Antelope
NorthHighlands
McClellanPark
FoothillFarms
MatherRosemont
La Riviera
Rancho Murieta
Roseville
El Dorado Hills
Rio Linda Citrus Heights
CarmichaelFair Oaks
Orangevale
Arden-Arcade
Sacramento
West Sacramento
Elverta
Granite Bay
Folsom
Rancho Cordova
Parkway
VineyardFlorin
Loomis
Rocklin
Lemon Hill
GoldRiver
H StH St
Folsom Lake
CA State Univ at SacramentoCA State Univ at Sacramento
California HighwayPatrol Academy
California HighwayPatrol Academy
McClellan Airfield
McClellan Airfield
SacramentoMather AirportSacramentoMather Airport
SacramentoInternational
Airport
SacramentoInternational
Airport
5
50 80
99
50
80
99
5
80
SITE
1420 RIVER PARK DRIVESACRAMENTO, CA
Property Overview
PROPERTY TYPE Office Building
SQUARE FEET ± 15,702 sq ft
OCCUPANCY 100 %
YEAR BUILT 1980
COUNTY Sacramento
APNs: 277-0287-031
ZONING: OB - R - P
Offering Summary
PRICE $3,750,000
NOI $225,000
OCCUPANCY 100 %
CAP RATE 6%
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
LINCOLN GATEWAY100-170 GATEWAY DRIVE | LINCOLN, CA 95648
1420 RIVER PARK DRIVESACRAMENTO, CA
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
Nivano Physicians provides an advocate to its participating members by connecting the medical com-
munity to the individuals. In an always changing managed health care industry, Nivano endeavors to
provide patients fair, clear and knowledgeable advice. Nivano Physicians patients work with an experi-
enced and professional Independent Physician Association (IPA) to navigate complex health plans with
the goal of improving the health of all its members.
1420 River Park Drive is a fully leased building. Nivano occupies approximately 60 percent of the build-
ing and the remaining space is leased to smaller, professional users. Co-tenants include, Andrew Bakos Law Firm, Health Advocate LLC, CAL ACO, Dermveda and Jacobs
Law Group. Upon Close of Escrow, Nivano Physicians will lease-back from the Buyer the entire building with a Master Lease and create subleases with the smaller ten-
ants.
Master Lease Summary
MASTER LEASE SUMMARY
TERM: Five (5) Year Term from Close of Escrow
MASTER LESSEE: Nivano Physicians, Inc.
LEASE RATE: $1.25 per sq ft “NNN”
ANNUAL INCREASES: Three (3) Percent per Year
1420 RIVER PARK DRIVESACRAMENTO, CA
DEMOGRAPHICS 1 MILE: 3 MILE: 5 MILE:
2018 Total Population 5,565 153,687 373,574
2023 Total Population 5,854 162,439 394,215
2018 Average HH Income $58,196 $68,988 $73,147
2018 Total Households 2,424 65,422 153,673
Median Home Value $260,152 $334,848 $332,270
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
1420 RIVER PARK DRIVESACRAMENTO, CA
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
RIV
ER P
AR
K D
R
PAR
KIN
G
PARKING
SUITE 1003,109 SF
SUITE 1101,198 SF
SUITE 130485 SF
SUITE 1201,683 SF
ELEC.ROOM
STOR.
STOR.
WOMEN'S
MEN'S
AVAILABLESUITE 1401,395 SF
SUITE 1401,395 SF
FIRST FLOOR:
1420 RIVER PARK DRIVESACRAMENTO, CA
SUITE 2007,832 SF
EXTERIOR STAIRS
EXTERIOR STAIRS
ELEVATOR
STORAGE/TELCO
WOMEN'S
MEN'S
WALK-IN SAFE
SECOND FLOOR:
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
80
EXPOSITION BLVD
RESP
ONSE RDRIVER PARK RD
CAL EXPO1420 RIVER PARK DR
Dollar TreeChick-fil-aMimis CafeIn-N-Out ChipotleGuitar CenterTotal WineMcDonaldsChili’sIHOPApplebee’sStarbucksCentury MovieNordstrom RackHome GoodsMini StorageSleep ChoiceAT & TTMobileHabit BurgerFuton ShopGoodwillMens WarehouseBest BuyBurger KingCheesecake FactoryUltaBarns N NobleGoodyearUnited Artists MovieMacy’sNordstromSearsJC PennyVerizonJared JewelryOlive GardenOld NavyPier IHobby LobbyKohlsHilton
Sample of RetaileRS within a 2 mile RadiuS:
ARDEN WAY
BRANDON SESSIONSVice PresidentTel: (916) [email protected] Lic. #01914432
ROBB OSBORNESenior Vice PresidentTel: (916) [email protected] Lic. #01398696
Osborne Group | TRI Commercial | 532 Gibson Drive, Suite 200 | Roseville, CA | BRE # 00532032
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.