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INVESTMENT PROPERTY
$4,050,000
5200–5252 SUNRISE BOULEVARDFAIR OAKS, CALIFORNIA 95628
C O M M E R C I A LD R E L I C E N S E # 0 1 2 1 5 9 3 1
• PRIME LOCATION
• FULLY LEASED
• EXCELLENT VISIBILITY
• GREAT TENANT MIX
• ADJACENT TO SUNRISE MARKETPLACE
• DAILY TRAFFIC COUNT OVER 42.OOO
JOHN BELEGRIN916.804.0657
D R E L I C E N S E # 0 0 6 6 8 3 9 0
SITE LOCATION
The Sunrise Wildridge Center is a 20,480 square foot, two-building complex in the heart of the Fair Oaks/Citrus Heights retail/business district. It is located at the corner of Sunrise Boulevard and Wildridge Drive in Fair Oaks. This attractive complex offers high visibility from Sunrise Boulevard, just south of Madison Avenue. The center has very easy access from the Sunrise Wildridge traffic light. Tenants’ signage is highly visible from Sunrise Boulevard.
The Sunrise Wildridge Center is adjacent to the Sunrise MarketPlace, the shopping hub of Fair Oaks and Citrus Heights. Sunrise MarketPlace is a 10-block regional shopping destination including Sunrise Mall, anchored by Macy’s, J C Penny and Sears; and the Birdcage Center, anchored by Target, Lowe’s, Best Buy, Barnes & Noble and Michaels.
The area has very strong demographics.
PROJECT DESCRIPTION
C O M M E R C I A L
The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.
PAGE 1
OFFERING SUMMARY
PRICE $4,050,000
PRICE PER SQUARE FOOT $197.75
CAPITALIZATION RATE 6.78%
NET OPERATING INCOME $274,632
LEASE TYPE Full Service Gross
PROPERTY TYPE Office - Retail
RENTABLE SQUARE FEET 20,480 SF
LAND AREA Approximate 1.76 Acres
PERCENT LEASED 100%
YEAR BUILT 1978
ZONING BP Business Professional
APN 233-0142-039-0000
PARKING RATIO 4 Per 1000 SF
LOCATION North East Corner of Sunrise Boulevard & Wildridge Drive
TRAFFIC COUNTS (2012)
Sunrise Boulevard at Madison43,983 ADT
Madison Avenue at Sunrise 21,399 ADT
5252 SUNRISE BOULEVARDSUITE 1
C O M M E R C I A L
The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.
PAGE 2
PROPERTY INCOME
INCOME RENTS AS OF 1.1.2018
BASE RENTAL REVENUE $458,920Expense Reimbursement -0-Gross Revenue $458,920Vacancy (3%) - $13,768
Adjusted Gross Income $445,152
OPERATING EXPENSESProperty Taxes $ 42,500Insurance $ 5,400Electricity $ 49,005Water $ 2,095Sewer $ 4,740Janitorial & Supplies $ 19,590Property Management Fees $ 10,800Roof Repairs $ 3,270Electrical Repairs $ 2,780Plumbing Repairs $ 2,800Miscellaneous Repairs $ 3,000HVAC $ 8,640Landscaping $ 6,600Trash Removal $ 9,300
Total Operating Expenses $170,520
NET OPERATING INCOME $274,632 TEXTURES SALON
C O M M E R C I A L
The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.
PAGE 3
RE/MAX GOLD COMMERCIAL5200 & 5252 SUNRISE BLVD., FAIR OAKS, CA 95628
ORANGE COAST TITLE
C O M M E R C I A L
The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.
PAGE 4
PROSTHODONTIC DENTAL SUITE
RE/MAX GOLD INTERIORS
RE/MAX GOLD COMMERCIAL5200 & 5252 SUNRISE BLVD., FAIR OAKS, CA 95628
C O M M E R C I A L
The information contained herein has been obtained from sources deemed to be reliable. RE/MAX Gold has not verified and makes no guarantees, warranties or representations regarding the accuracy of the information. You need to conduct a careful, independent evaluation of the property to establish its suitability for your purposes.
PAGE 5
JOHN BELEGRIN916.804.0657
[email protected] LICENSE# 00668390
______________
5252 SUNRISE BOULEVARD, SUITE 6FAIR OAKS, CA 95628
VIEW OF CAPITAL NURSERY PLAZA & SUNRISE MALL TO THE NORTH
VIEW OF QUAIL POINT CENTER TO THE WEST