Park Oaks Village I | 3860 El Dorado Hills Blvd
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Park Oaks Village I 3860 El Dorado Hills Blvd
12,503 SF 100% Leased Office Building El Dorado Hills, CA 95762 £3,528,850 (£282/SF) 6.50% Net Initial Yield
Investment Highlights
- Unbeatable location and visibility with attractive curb appeal
- Strong market demographics with significanat growth
- Incredibly desirable market
Executive Summary
Pro Equity is pleased to present the opportunity to the multi-tenant, medical/office building within Park Oaks Village in El Dorado Hills. Park Oaks Village offers the most prominently visible office buildings with prominent signage in El Dorado Hills located on the highly traveled El Dorado Hills Blvd with over 64,000 VPD at the intersection of El Dorado Hills Blvd and Saratoga Way/Park Dr. The subject property consists of a freestanding, 12,503-square foot building that sits on approximately 1.24 acres of land.
The property sits directly across from the La Borgata office and retail center and the Raleys shopping center on one side to the east and Walgreens, Starbucks on the other side to the south. The property is just off highway 50 with El Dorado Hills Blvd acting as the gateway to El Dorado Hills.
El Dorado Hills is home to the award-winning Serrano master planned community and many other highly sought after neighborhoods. El Dorado Hills is one of the fastest growing areas in the Sacramento metropolitan area with some of the area’s highest incomes. In 2022, El Dorado Hills had an estimated population of 52,500 with an average household income of $181,784.
The property sits directly across from the La Borgata office and retail center and the Raleys shopping center on one side to the east and Walgreens, Starbucks on the other side to the south. The property is just off highway 50 with El Dorado Hills Blvd acting as the gateway to El Dorado Hills.
El Dorado Hills is home to the award-winning Serrano master planned community and many other highly sought after neighborhoods. El Dorado Hills is one of the fastest growing areas in the Sacramento metropolitan area with some of the area’s highest incomes. In 2022, El Dorado Hills had an estimated population of 52,500 with an average household income of $181,784.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£243,646
|
£19.49
|
| Other Income |
£131,707
|
£10.53
|
| Vacancy Loss |
£18,768
|
£1.50
|
| Effective Gross Income |
£356,584
|
£28.52
|
| Taxes |
£37,684
|
£3.01
|
| Operating Expenses |
£89,513
|
£7.16
|
| Total Expenses |
£127,197
|
£10.17
|
| Net Operating Income |
£229,387
|
£18.35
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £243,646 |
| Annual Per SF | £19.49 |
| Other Income | |
|---|---|
| Annual | £131,707 |
| Annual Per SF | £10.53 |
| Vacancy Loss | |
|---|---|
| Annual | £18,768 |
| Annual Per SF | £1.50 |
| Effective Gross Income | |
|---|---|
| Annual | £356,584 |
| Annual Per SF | £28.52 |
| Taxes | |
|---|---|
| Annual | £37,684 |
| Annual Per SF | £3.01 |
| Operating Expenses | |
|---|---|
| Annual | £89,513 |
| Annual Per SF | £7.16 |
| Total Expenses | |
|---|---|
| Annual | £127,197 |
| Annual Per SF | £10.17 |
| Net Operating Income | |
|---|---|
| Annual | £229,387 |
| Annual Per SF | £18.35 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,503 SF
Building Class
B
Year Built
2000
Price
£3,528,850
Price Per SF
£282
Net Initial Yield
6.50%
NOI
£229,388
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
12,503 SF
Building FAR
0.23
Lot Size
1.24 AC
Parking
50 Spaces (4 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 120-150-008-000 | Total Assessment | £3,709,559 (2023) |
| Land Assessment | £1,112,440 (2023) | Annual Taxes | £37,684 (£3.01/sf) |
| Improvements Assessment | £2,597,119 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
120-150-008-000
Land Assessment
£1,112,440 (2023)
Improvements Assessment
£2,597,119 (2023)
Total Assessment
£3,709,559 (2023)
Annual Taxes
£37,684 (£3.01/sf)
Tax Year
2024
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Park Oaks Village I | 3860 El Dorado Hills Blvd
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