Investment Highlights
Ownership Advantage
An acquisition would provide an attractive lease-saving trade-off, saving as much as $44,046/month. As opposed to leasing, a purchase provides protection against future rental market uncertainty and rate hikes. It further offers occupancy control, certain tax benefits and after-tax equity accumulation.
Exceptional Low-Rise Owner/User Office Opportunity
This modern 2-story office building spans ±76,754 SF and features a ±5.5:1,000 parking ratio, located in Rancho Cordova. It is currently one of only two office buildings for sale in the Sacramento region with such a high parking ratio, making it ideal for accommodating a 30k-80k SF occupier. The property is easily configurable for 1-2 tenants, providing potential income opportunities for an owner/user. Additionally, the building offers an ideal high-image headquarters location on a large corner lot, with excellent street visibility and a prominent building signature opportunity. The asset is institutional-quality and has been exceedingly well-maintained.
Amenity-Rich Office Location
The property is centrally located in Sacramento's Highway 50 Corridor, just 2 minutes from Highway 50. It offers a short commute to both downtown Sacramento and Folsom and is only 25 miles from Sacramento International Airport. The location is surrounded by entry and executive-level residential housing options, retail amenities, hotels, and public transportation. Rancho Cordova is an emerging urban center and one of the largest employment hubs in the Sacramento region, with a continually expanding workforce of over 65,000. Additionally, there are 70,109 residents within a 3-mile radius, with an average household income of $72,381. The population within 1 mile of the property is projected to grow by 6.86% over the next five years.