Ribbon Cutting Ceremony Celebrates The Wiseman Company’s Latest Acquisition
Fairfield, CA, May 11, 2018–Since purchasing 5140 Business Center Drive, in Fairfield, California this March, The Wiseman Company renovated the interiors and beautified the exterior to create Green Valley Medical Center, the newest Class A medical and professional office building in the highly desirable Solano County market.
Neighboring the Company’s Green Valley Executive Center two doors down that is 100% occupied, this latest 33,000 square foot building on 3 acres was purchased at a deep discount from an offshore investor.
“We understand the prior owner purchased the property for $11 million, and we purchased it for about half of that. We see considerable upside potential for this value-add investment.” — Zen Hunter-Ishikawa, CBDO, The Wiseman Company
The building includes certified medical office space as well as shell space ready for customization to a tenant’s needs. Originally built in 2002, the two-story building is supported by a steel frame with a composite concrete over steel deck. The original owner built turn-key medical improvements, including an X-ray facility, medical elevator, and state-of-the-art plumbing, electrical, ADA, HVAC and safety systems for medical use. The building is also Fiber and Ethernet ready. Tenants and guests enjoy abundant parking and Wiseman plans to develop a solar farm on the property which will substantially reduce energy costs and provide covered parking.
Located at the intersection of the I-80 and I-680, Green Valley Medical Center is less than an hour from Sacramento and San Francisco, and 20 minutes from Napa and Walnut Creek, in the highly sought-after Green Valley area of Fairfield. The neighboring 350,000 square feet of retail space is 100% occupied, with National brands like Costco, Safeway, CVS, TJ Maxx, and dozens of restaurants, banks, and other outlets. A single, large tenant can occupy the entire building or the floor plan can be modified to match a tenant’s needs from 1,200 SF to 32,000 square feet. The Wiseman Company assists tenants through space planning, construction support, and efficient facility and property management.
“We’ve been renovating and restoring this landmark building in the prominent Solano County location, and attracting new professional tenants to our market. Given how well received our properties have been in the Green Valley area, this is proving be the place for our Company and clients to place long-term roots.”– Brian Wills, COO, The Wiseman Company
Green Valley Medical Center has already attracted several interested tenants, including medical, technology and other professional firms. The Company’s Green Valley Executive Center, two blocks away, provides SemaConnect EV Charging Stations and solar panels over its parking lot, in line with the Company’s environmentally responsible approach to commercial real estate development. With the many benefits and amenities and the Wiseman philosophy of valuing tenants, Green Valley Medical Center will be another valuable resource and asset to the greater Fairfield and North San Francisco Bay business communities.