By Mike Hazlip—
It isn’t every day that a 100,000-square-foot building comes up for sale in Citrus Heights, but a three-story office building near Sunrise and Fair Oaks boulevards has already found a buyer.
The listing for 6060 Sunrise Vista Drive on commercial real estate site LoopNet shows the building is under contract, and commercial realtor Patrick Ronan of Gallelli Real Estate told The Sentinel the new owner intends to bring in new tenants to the property.
Ronan could not discuss the final price until the sale closes, but the list price sits at $7.1 million, according to LoopNet. The 101,873 square-foot building is 72 percent leased and sits on six acres of land, with 540 parking spaces.
The building was constructed in 1978 and renovated 10 years later, according to the listing. Available suites inside include spaces as small as 433-square-feet to as large as 10,600 contiguous square feet.
Ronan said the buyer has a tenant in mind that is in the medical sector, but could not give further details.
The commercial office market has seen a decline as a result of more employees working from home after the pandemic shutdown offices throughout the region. Ronan said market demand for office space continues to wane and could possibly be at a low.
The State of California is working to convert unused state office buildings to housing units, CapRadio reports. The move comes after a 2019 executive order by Gov. Gavin Newsom requiring state officials to identify unused office space in state buildings that could be converted to housing.
By Mike Hazlip—
It isn't every day that a 100,000-square-foot building comes up for sale in Citrus Heights, but a three-story office building near Sunrise and Fair Oaks boulevards has already found a buyer...
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