5140 Business Center Drive Medical Office Building is 13th in Growing Portfolio
Fairfield, CA, March 6, 2018– On March 5, 2018, The Wiseman Company purchased the Green Valley Medical Center, a 32,421 square foot building, neighboring an already successful office building within its portfolio in the Green Valley area of Fairfield, California.
The 2-story, Class-A medical building located at 5140 Business Center Drive, across from the Fairfield Costco. Built in 2002 and purchased by an overseas investor in 2006, the building has been for sale and vacant since 2014, when anchor tenant NorthBay Healthcare vacated their space.
““We’ve confidently had our sights on this Class A building for some time. This will be our second premium office building in the office park, and we already have several tenants interested in the building.”
— Doyle Wiseman, CEO, The Wiseman Company
The building has a previously OSHPD3-certified medical office space as well as grey space ready for customization to a tenant’s needs. Its location at the intersection of the I-80 and I-680 freeways is less than an hour from Sacramento or San Francisco, and 20 minutes from Napa and Walnut Creek. Besides its highly desirable location within the affluent Green Valley area of Fairfield, the building has a dedicated monument sign on Business Center Drive. Over 350,000 square feet of retail offerings, including Costco, Safeway, CVS, TJ Maxx, and dozens of restaurants, banks, and other outlets are within walking distance. A single, large tenant can enjoy the entire building or existing Class-A medical office space, or the floor plan can be modified to match a tenant’s needs. The Company, which will also manage the property, is a full-service real estate company with internal resources available to assist tenants through space planning, construction support, and efficient facility and property management. Externally, the Company has an excellent reputation and rapport with the local economic development and construction regulatory agencies.
“We are well-versed in local market conditions and interested in making mutually-beneficial lease deals. We have property management that is first and foremost customer-focused. Those factors combined with a population demanding more and modernized healthcare services creates a unique opportunity for new tenants that will not last long.”
— Zen Hunter-Ishikawa, CBDO, The Wiseman Company
The building has already attracted several interested tenants, including an urgent care and other medical use tenants, as well as technology and other non-medical firms. The Company owns and manages the 100% leased Green Valley Executive Center, located nearby at 5030 Business Center Drive. Green Valley Executive Center has a SemaConnect EV Charging Station 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 philosophy of valuing tenants offered by the Company, it hopes to bring another valuable resource and asset to the greater Fairfield and North San Francisco Bay business communities.
The Wiseman Company
Founded in 1979, The Wiseman Company has become the San Francisco North Bay Area’s leading full service commercial real estate firm. Recognizing the demand for superior quality professional offices, the firm and its affiliates own, manage and lease the preferred, multi-tenant office buildings in Napa, Solano, and Yolo Counties. The Company leases, operates and maintains 13 of its own buildings, most of which were built by the Wiseman Company.
If you would like more information about this topic, please contact Zen Hunter-Ishikawa at +1.707.427.1212, +1.202.528.3211 (c) or email [email protected]