CBRE has been retained as the exclusive marketing advisor to sell the fee simple interest in 2156 W. Grant Line Road (the “Property”), a two-story medical/ professional office building consisting of 31,862 rentable square feet on a 1.53 acre parcel with a parking ratio of 5.0/1000.
The Property is located in northwest Tracy, the main growth area of the city and is situated along W. Grant Line Rd, Tracy’s newest medical corridor. The Property is adjacent to a Kaiser Medical Facility, Sutter Medical Facility, Tracy Surgery Center and numerous physician and dental offices. In addition, the location offers easy access to Interstate 205 and is surrounded by an abundance of retail, dining and other amenities.
Property & Investment Highlights
- Total Rentable Area: 31,862 SF
- Land Acres: 1.53
- Year Built: 2008
- Parking: 5.0/1,000
- NNN Leased Investment with average remaining lease term of 6.7 years
- The Property offers a modern look with abundant glass line, a two-story lobby and attractive landscaping
- Limited supply of high quality medical/professional office in the surrounding area
- Numerous retail amenities including shopping, dining and general services, some within walking distance from the Property
Pricing
- Asking Price: $11,950,000
- Capitalization Rate: 7.00%
More Information
Confidentiality Agreement – Principal Agreement
Confidentiality Agreement – Co-Broker
Contact Us
Scott J. Prosser, SIOR
Executive Vice President
+1 408 453 7454
scott.prosser@cbre.com
Lic. 01104754
Seth McKinnon
Vice President
+1 650 577 2927
seth.mckinnon@cbre.com
Lic. 01842050
Brian Peterson
First Vice President
+1 209 476 2907
brian.peterson@cbre.com
Lic. 01718738
Jack DePuy
Senior Associate
+1 408 453 7466
jack.depuy@cbre.com
Lic. 0179176
Debt & Structured Finance
Mike Walker
Vice President
+1 415 722 0278
michael.l.walker@cbre.com
Lic. 01843658
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
