1531 Plumas St
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1531 Plumas St
8,400 SF Office Building Yuba City, CA 95991 £1,988,800 (£237/SF) 6.45% Net Initial Yield
Investment Highlights
- 8,400 SF Single-Tenant, Triple-Net (NNN) Leased Medical Office
- Rare 3% Annual Increases
- 100% Occupied by Adventist Health (BBB+ credit)
- 6.95% Average Cap Rate Over Initial Term
Executive Summary
Marcus and Millichap is pleased to present 1531 Plumas Ct located in Yuba City, CA. The subject property is an 8,400 square foot single-tenant medical office outpatient building situated on 0.91 acres land. Constructed in 2008, the property is 100% occupied by Adventist Health (BBB+ credit rating) which operates 28 hospitals with more than 3,700 licensed beds and provides outpatient care at more than 430 clinics.
The property is being offered as an Triple Net (NNN) lease with 5.5 years term, and two (2) five year options. The lease has 3% annual rent increases acting as a strong hedge against inflation with passive cash flow. Adventist Health recently completed substantial interior construction adding a new specialized Urology Clinic, and will share the building with its existing Occupational Health office.
The Property sits in a heavily trafficked medical corridor flanked on all sides by a DaVita dialysis center, long-term care center, a home health and hospice care center, and a psychiatric center.
1531 Plumas represents a unique opportunity to acquire a single-tenant, net leased medical asset occupied by one of the strongest healthcare groups in Northern California.
The property is being offered as an Triple Net (NNN) lease with 5.5 years term, and two (2) five year options. The lease has 3% annual rent increases acting as a strong hedge against inflation with passive cash flow. Adventist Health recently completed substantial interior construction adding a new specialized Urology Clinic, and will share the building with its existing Occupational Health office.
The Property sits in a heavily trafficked medical corridor flanked on all sides by a DaVita dialysis center, long-term care center, a home health and hospice care center, and a psychiatric center.
1531 Plumas represents a unique opportunity to acquire a single-tenant, net leased medical asset occupied by one of the strongest healthcare groups in Northern California.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,400 SF
Building Class
B
Year Built
2008
Price
£1,988,800
Price Per SF
£237
Net Initial Yield
6.45%
NOI
£128,278
Tenancy
Single
Number of Floors
1
Typical Floor Size
8,400 SF
Building FAR
0.21
Lot Size
0.91 AC
Zoning
CO
Parking
45 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Storage Space
- Central Heating
- Partitioned Offices
- Reception
- Suspended Ceilings
- Wi-Fi
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 51-560-116 | Improvements Assessment | £1,463,408 |
| Land Assessment | £292,681 | Total Assessment | £1,756,088 |
PROPERTY TAXES
Parcel Number
51-560-116
Land Assessment
£292,681
Improvements Assessment
£1,463,408
Total Assessment
£1,756,088
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1531 Plumas St
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