CLASS ‘A’ ON-CAMPUS, SAN FRANCISCO NORTH BAY MEDICAL OFFICE OPPORTUNITY
The Offering
CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the Sutter Solano Cancer Center and Medical Office Building for purchase. Located in the San Francisco North Bay, the Sutter Solano Cancer Center and Medical Office Building represents a unique value-add opportunity for an investor to own a Class ‘A’ medical office building located on the Sutter Solano Medical Center campus, a member of Sutter Health, one of Northern California’s premier healthcare providers that currently maintains an ‘Aa3’ and ‘AA-’ investment grade rating by Moody’s and Standard & Poor’s respectively. The building is anchored by one of the hospital’s most profitable service lines – the oncology department – featuring a wide range of cancer treatments including chemotherapy and radiation therapy in a soothing and restorative environment inclusive of waterfall features and natural healing gardens. As part of the sale, Sutter Health plans to lease back the cancer center for a new 5-year term.
The Sutter Solano Cancer Center and Medical Office Building is a three-story facility consisting of 56,865 rentable square feet. The institutional quality building benefits from a strong base of existing tenancy with a value-add opportunity to stabilize the remaining vacant space at a basis far below replacement cost.
Investment Highlights
•Investment Grade Anchor Tenancy
•Prominent Location at Campus Entrance
•Valued Far Below Replacement Cost
•Value-Add Leasing Opportunity
•Appealing Demographic Trends
•“Recession Resistant” Property Category
•Delivered Free and Clear of Existing Debt
OFFERING INFORMATION
OFFERING PRICE: Best Offer
BUILDING SIZE: 56,865 SF
YEAR BUILT: 2005
OCCUPANCY: 86.23%
IN-PLACE NOI*: $940,771
PRO-FORMA NOI*: $987,257
CBRE INVESTMENT CONTACTS
Chris Bodnar
Senior Vice President
CA Lic. 01892501
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
Senior Vice President
+1 404 504 5965
lee.asher@cbre.com
PRIVATE CAPITAL GROUP
Katherine Kelleher
First Vice President
CA Lic. 00924895
+1 510 874 1909
kathy.kelleher@cbre.com
OFFERS REQUESTED BY TUESDAY, OCTOBER 21ST, 5:00PM MDT
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