For Sale: CLASS ‘A’ ON-CAMPUS, SAN FRANCISCO NORTH BAY MEDICAL OFFICE INVESTMENT OPPORTUNITY

SutterOFFERS REQUESTED BY TUESDAY, OCTOBER 21ST, 5:00PM MDT

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

CBRE Inc. Brokerage Lic. 00409987

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