May 27, 2016 | by Alex Girda | Commercial Property Executive Sacramento is heating up in terms of its residential market, and investors are hoping improvement will translate to the commercial …
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May 27, 2016 | by Alex Girda | Commercial Property Executive
Sacramento is heating up in terms of its residential market, and investors are hoping improvement will translate to the commercial side.
Sacramento, Calif.–The sponsors of Griffin-American Healthcare REIT IV have gone public with the news that the investment trust is set to acquire a Sacramento-area medical office facility. TheAmerican Healthcare Investors and Griffin Capital Corp.-controlled entity has lined up the Auburn Medical Office Building as its latest addition to the portfolio.
3200 Bell Road
Located at 3200 Bell Road, in the proximity of the Sutter Auburn Faith Hospital, the medical office building is fully leased to the UC Davis Medical Group. The tenant has occupied the property since its completion in 1997, holding it on a triple net lease. The Medical Group offers services that include primary care, pediatrics, obstetrics and gynecology, as well as imaging and laboratory procedures. The property comprises a total of 19,000 square feet of space. The facility also offers proximity to the Sutter Auburn Surgery center, in an area that has a large number of undeveloped lots.
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