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Marcus & Millichap Sells Fremont Medical Office Buildings For $3.7M

Property Image
SOLD
$3,700,000
Yuri Sergunin
J.J. Taughinbaugh
Eric Carrillo

California

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Medical Office14,400 SF
Sold 07/01/2024
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Property Image
SOLD

Marcus & Millichap Sells Fremont Medical Office Buildings For $3.7M

3055 Mowry Avenue & 38780 Paseo Padre Parkway

See Similar Deals
Medical Office14,400 SF
Sold 07/01/2024
Yuri Sergunin
J.J. Taughinbaugh
Eric Carrillo
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$256
Total Square Footage:14,400 SF
Transaction Type:Sale

The $3.7 million sale of two medical office buildings totaling 7,200 square feet in Fremont, CA has been facilitated by Marcus & Millichap. The properties located at 3055 Mowry Ave. and 38780 Paseo Padre Parkway are leased to Western Dental on a net-lease basis.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $3,700,000
  • Address: 3055 Mowry Avenue & 38780 Paseo Padre Parkway
  • Market: Fremont
  • Square Footage: 7,200
  • Price per Square Foot: $514
  • Brokers: Eric Carrillo, J.J. Taughinbaugh & Yuri Sergunin (Yuri Sergunin) - Marcus & Millichap

Yuri Sergunin, J.J. Taughinbaugh, and Eric Carrillo from Marcus & Millichap’s Palo Alto office were the representatives for the seller in this transaction.

Players

Yuri Sergunin
Marcus & Millichap
Yuri Sergunin
4 deals$20M volume
BROKER
J.J. Taughinbaugh
Marcus & Millichap
J.J. Taughinbaugh
4 deals$20M volume(650) 391-1807
BROKER
Eric Carrillo
Marcus & Millichap
Eric Carrillo
1 deal$3.7M volume(650) 391-1742
BROKER

Details

SOLD
IMAGE: 07/01/2024 ADDRESS: 3055 Mowry Avenue & 38780 Paseo Padre Parkway MARKET: Fremont ASSET TYPE: Medical Office BROKERS: Eric Carrillo, J.J. Taughinbaugh & Yuri Sergunin (Yuri Sergunin) - Marcus & Millichap SALE PRICE: $3,700,000 SF: 7,200 ~ PPSF: $514 NOTE: Marcus & Millichap facilitated the $3.7 million sale of two medical office buildings totaling 7,200 square feet in Fremont, CA. The assets, located at 3055 Mowry Ave. and 38780 Paseo Padre Parkway, are leased to Western Dental on a net-lease basis. Yuri Sergunin, J.J. Taughinbaugh, and Eric Carrillo from Marcus & Millichap’s Palo Alto office represented the seller in the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
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