Overview
Newmark Private Capital Markets is pleased to present the exclusive opportunity to acquire 8231, 8233, 8235, 8239 and 8243 E. Stockton Boulevard, a medical office and healthcare flex campus located in the heart of the South Sacramento medical corridor.
The campus is 93% leased to a mix of essential healthcare and public-service tenants including DaVita, WellSpace Health, and Sacramento County, serving critical community health functions in a location that directly supports their mission.
The project is being offered for the first time since development by the original developer, presenting investors with a rare opportunity to acquire a stabilized healthcare asset with upside through additional development and rent increases from strong credit tenancies and long-term demand drivers.
With the embedded rental upside, land entitled for development, and conservative leverage assumptions, the opportunity is projected to generate a mid-teens leveraged IRR over a five-year holding period, positioning the asset as an attractive core-plus investment within a supply-constrained healthcare real estate sector.
Investment Highlights
CORE-PLUS MEDICAL OFFICE WITH RENT UPSIDE
In-place rents ~$0.20 PSF below market with 5.3-year WALT, offering stable income and mark-tomarket growth from a roster of essential healthcare and government-backed tenants. Ready to issue permits on additional ±12,500 SF freestanding building.
FIRST-TIME OFFERING OF MEDICAL OFFICE CAMPUS
Original developer sale of a rare multi-building medical office/flex campus in a supply-constrained Sacramento healthcare corridor.
STRATEGIC LOCATION NEAR MAJOR MEDICAL ANCHOR
Across the freeway from Kaiser Permanente South Sacramento Medical Center, one of the region’s largest healthcare campuses and a major driver of demand for ancillary outpatient services.
INSTITUTIONAL HEALTHCARE TENANT ROSTER
Credit tenant profile including DaVita (Fortune 500 dialysis provider), WellSpace Health (large federally qualified health system), and Sacramento County, providing diversified and mission-critical tenancy.
LONG-TERM TENANCY WITH EXPANSION HISTORY
Multiple tenants in place since development; DaVita and WellSpace invested significant tenant improvements and expanded within the project, reflecting strong patient demand and operational commitment.
Photo Gallery
