for sale...6. partnership health plan 561 7. city of fairfield 541 8. jelly belly 489 9. sutter...

David [email protected]#001880860

www.silverstonecommercial.com

1234 Empire Street

Fairfield, CA. 94533

For Sale

*Occupancy: 100%*Current Cap Rate: 5.90 (without shared conference rooms)*Proforma Cap Rate: 6.62 (with shared conference rooms)*Potential Cap Rate: 7.85 (Market Rate and with shared conference rooms)

Price: $5,975,000.00

Sq Ft: 40,077Land: 2.26 AcresNumber of Units: 25APN: 0030-171-320

Highlights:* 40,000 sq ft of office or medical office space* Elevator Service* Currently fully leased investment* Potential for owner user or investor(talk with agent)

* Approximately 110 parking spacesUse: Office Building /General Office Medical Dental



1234 Empire StreetFairfield CA 94533

For Sale

1234 Empire Street in Fairfield, California offers an investor the opportunity to acquire a fully leased investment or an owner occupied property. Built in 1984, this 40,000 sq ft medical office is building is currently used as a non-profit center for the Salono County area. 25 offices with Elevator access to the upstairs. The current owners renovated the building in 2017 and has been well maintained and has good curb appeal. Approximately 110 parking space with the potential to use the vacant excess land for additional parking if needed.

.

DESCRIPTION:

Right on Pennsylvania Avenue across from Fairview Elementary School and the Fairfield Police Department. The property is located within the Fairfield Redevelopment Area and serviced by the Fairfield Transit System with two bus stops adjacent to the site. It is in walking distance from many city and county buildings including the Senior Center, Civic Center, and City Hall. Right on the edge of downtown Fairfield where tenants can shop and have plenty of food choices. The property is situated within 1 mile of the Westfield Solano Mall, Kaiser Permanente, North Bay Medical Center, and Interstate 80.




For Sale

The property provides the opportunity for an owner to purchase a complete leased investment in California or an owner-user to take over the majority of the units. Perfect for a medical group, church, data center, or administrative office. The building can also be redeveloped with 2.26 acres of land in the heart of Fairfield. plenty of private offices and multiple suites which can be combined to allow for multiple uses.

Plenty of Parking with an "Add Value" vacant lot which can be used as additional parking or development site. Check with the city for any development ideas.

Opportunity:

About Fairfield:

Location of Fairfield:Fairfield is a city in and the county seat of Solano County, California, in the North Bay sub-region of the San Francisco Bay Area. It is generally considered the midpoint between the cities of San Francisco and Sacramento, approximately 40 miles (64 km) from the city center of both cities, approximately 40 miles (64 km) from the city center of Oakland, less than 19 miles (31 km) from Napa Valley, 16 miles (26 km) from the Carquinez Bridge, and 14 miles (23 km) from the Benicia Bridge. Fairfield was founded in 1856 by clippershipcaptain Robert H. Waterman, and named after his former hometown of Fairfield, Connecticut.

It is the home of Travis Air Force Base and the headquarters of Jelly Belly. With a population of 108,321 at the 2010 census, it is slightly smaller in population than Vallejo. Other nearby cities include Suisun City, Vacaville, Rio Vista, Benicia, and Napa.




For Sale

Top Employers of Fairfield:Employer # of Employees1. Travis Air Force Base 13,4142. Fairfield-Suisun Unified School District 2,1873. County of Solano 2,1334. NorthBay Medical Center 1,9695. Solano Community College 7506. Partnership Health Plan 5617. City of Fairfield 5418. Jelly Belly 4899. Sutter Regional Medical Foundation 47510. Westamerica Bank 418

Fairfield DemographicsSize: 40.1 square milesPopulation (2018 estimate): 117,080 personsPopulation Growth (avg.): 1.49% per yearProjected Population 2022: 124,986 personsMedian Age (2018): 34.73 yearsMedian Household Income (2018): $81,475Labor Force (2018): 59,678Employed Residents (2018): 42,183Unemployment Rate (2018): 3.4%Projected Jobs (2020): 54,330Regional Labor Force (Solano County, 2018): 228,129% of Workforce who speak English: 76%% of pop. w/ High School Diploma or higher: 87.0%% of pop. w/ College Degree: 38.5%Crime Rate (2018): 33.28 per 1,000 persons



Floor Plan : First Floor


For Sale



Floor Plan: Second Floor


For Sale




For Sale

Floor Plan SUITE 1102Square Feet: 380Leased to: Seneca Family of Agencies Conference Room

Floor Plan SUITE 1101Square Feet: 388Leased to: Communal Kitchen Area

Floor Plan: SUITE 1103Square Feet: 250Leased to: Dependency Legal Services

Floor Plan: SUITE 1100Square Feet: 161Leased to: DACA, Deaf Counseling Advocacy and Referral




For Sale

Floor Plan: SUITE 1200Square Feet: 1,048Leased to: Dependency Legal Services

Floor Plan: SUITE 1110Square Feet: 406Leased to: Seneca Family of Agencies Conference Room 2

Floor Plan: SUITE 1210Square Feet: 404Leased to: North Bay Housing Coalition

Floor Plan SUITE 1104Square Feet: 554Leased to: Seneca Family of Agencies Conference Room 1




For Sale

Floor Plan: SUITE 1230Square Feet: 98Leased to: Safequest

Floor Plan: SUITE 1400Square Feet: 1,952Leased to: Solano Diversified Services

Floor Plan: SUITE 1240Square Feet: 203 Leased to: Safequest

Floor Plan: SUITE 1300Square Feet: 1,516Leased to: A Better Way



Floor Plan: SUITE 1000Square Feet: 1,653Leased to: Communal Conference Room


For Sale

(Potential for additional Income)

Floor Plan: SUITE 1420 Square Feet: 1,377Leased to: Choice in Aging

Floor Plan: SUITE 1530 Square Feet: 3,562Leased to: A Better Way

Floor Plan: SUITE 1450Square Feet: 966Leased to: Unity Therapies




For Sale

Floor Plan: SUITE 1500 Square Feet: 986Leased to: A Better Way

Floor Plan: SUITE 2100Square Feet: 3,513Leased to: Seneca Family of Agencies

Floor Plan: SUITE 1560Square Feet: 1,318Leased to: Solano Pride

Floor Plan: SUITE 2100Square Feet: 3,111Leased to: Caminar




For Sale

Floor Plan: SUITE 2200Square Feet: 2,575Leased to: Caminar


Seneca Family of Agencies will Occupy until it is released

Floor Plan: SUITE 2300Square Feet: 3,080Leased to: Vacant






For Sale


for sale...6. partnership health plan 561 7. city of fairfield 541 8. jelly belly 489 9. sutter...

Documents