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12/21/20
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Construction is underway on a new ground-up medical office building in El Dorado Hills, an affluent submarket of Sacramento. The mostly speculative, Class A project, located at 8105 Saratoga Way, is owned by a medical group through KFG & FOUR Cs LLC.
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8105 Saratoga Way is a 33k sf, two-story building that will focus on dental, medical, and minor surgical uses. The property is adjacent to Hwy 50 at the Latrobe Rd exit and enjoys proximity to residential communities, shopping, daily needs retail, and restaurant centers.
The development demonstrates the strength and stability of the medical office sector in Sacramento as well as ongoing opportunity within the sector, according to Robb Osborne, Principal at TRI Commercial and The Osborne Group, which is representing the property for lease.
The affluent El Dorado Hills market where the medical building is being constructed boasts a median household income of $137,903, and 82.5% of the population within a three-mile radius is covered by health insurance. This creates a particularly strong location for the property use, notes Osborne.
There are many medical office users and few high-end properties comparable to this new building in the Roseville/Rocklin/Folsom submarkets of Sacramento, according to 8105 Saratoga Way owner Dr. Kelly Hunt of KFG & FOUR Cs LLC. The group plans to occupy part of the building themselves.
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