2330 E Bidwell ST, Folsom, CA 95630
2330 E Bidwell ST, Folsom, CA 95630
2330 E Bidwell ST, Folsom, CA 95630
2330 E Bidwell ST, Folsom, CA 95630
2330 E Bidwell ST, Folsom, CA 95630
2330 E Bidwell ST, Folsom, CA 95630
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Denise Deagon

Denise Deagon

+1(916) 220-9711
$ 7,850,000
Est. payment | /mo

2.72 Acres Lot

Save
$ 7,850,000
Est. payment | /mo
Save

2.72 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226085523

HOA Y/N No

Year Built 2000

Lot Size 2.720 Acres

Acres 2.72

Property Sub-Type Office

Source MLS Metrolist

Property Description

2330 E. Bidwell is an upscale two-story medical office building located in Folsom, one of Sacramento's most desirable and fastest growing suburbs. The property sits squarely in a medical hub anchored by Dignity Health - Mercy Folsom Hospital located less than 1 mile away. The property measures 39,062 rentable square feet and is leased to a diverse and stable mix of medical and office tenants including Vitero Retinol Medical Group, Folsom Spine Surgery, HMA Architecture, and West Valley Construction. The property is currently 80% leased to 13 tenants paying an average rent of $1.88 PSF, fully serviced, which is approximately 50% below the average market rent for comparable medical space immediately surrounding the property. Given the property's proximity to existing medical uses and hospitals and the 5/1,000 on-site medical grade parking, the property is in a unique position to capture the growing demand for medical office space nearby. Over time, a value-add strategy can be implemented to transition the entire tenancy to medical related practices which command a much higher base rent and longer lease term than traditional office tenants. The property is the largest of ten office and medical buildings constructed in 2000 as part of an association-managed development known as Broadside Village. The property is being offered for $7,850,000 which is $200 per square foot.

Location

State CA

County Sacramento

Area 10630

Direction Located off E. Bidwell.

Location Details Business Park,Restaurant Nearby,Hospital Nearby

Interior

Heating Central

Cooling Central

Flooring Carpet

Exterior

Parking Features Open, Common Area Shared

Utilities Available Other

Water Access Desc Public

Roof Type Flat

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 072-1510-009-0000

Special Listing Condition None

MetroList® Services, Inc
Listed by Ken Turton, Broker
Denise Deagon

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 220-9711

denisedeagonrealtor@gmail.com

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2330 E Bidwell ST