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660 J Street

RevOZ Capital And Argosy Real Estate Partners Lease 120000 SF Medical Office To Sutter Health In Sacramento
LEASEDMedical Office

RevOZ Capital And Argosy Real Estate Partners Lease 120000 SF Medical Office To Sutter Health In Sacramento

660 J Street

Building Size

120,000 SF

Asset Type

Medical Office

Closing

Apr 23, 2025

AI

The asset involved in this transaction is a medical office property located at 660 J Street in Sacramento, encompassing a total of 120,000 square feet. The facility will serve as the Advanced Orthopedics & Sports Medicine Care Complex for Sutter Health, with the slated opening set for late 2027.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: Not specified
  • Address: 660 J Street
  • Market: Sacramento
  • Landlord: Alex Bhathal, Lisa Bhathal Merage, Ryan L. Parkin & Thomas W. Parnell - RevOZ Capital; David Butler, Andy Stewart & John Kirwin - Argosy Real Estate Partners
  • Tenant: Warner L. Thomas - Sutter Health
  • Brokers: Bruce Hohenhaus, Kevin Goldthwaite & Ron Thomas - Cushman & Wakefield

This lease was facilitated by RevOZ Capital and Argosy Real Estate Partners, who signed Sutter Health to a full-building lease. Cushman & Wakefield represented ownership and manages the property for this significant transaction.

Players

Ron Thomas

Cushman & Wakefield

Broker

1 deal

Broker

Alex Bhathal

Landlord

$78.6M

vol

3 deals

Landlord
SH
Sutter HealthTenant

Sacramento Medical Office Market Snapshot

Boundary boundary · Medical Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93