INITIAL BIDS DUE THURSDAY, MARCH 20, 2025.
CBRE, Inc., as exclusive advisor, is pleased to offer for sale a Class A, freeway-facing office property in the prestigious executive office park known as Gold Pointe Corporate Center in Gold River, California.
12009 Foundation Place, also known as Building B, is a three-story steel-frame office building containing 107,934 square feet. The Subject is available at market pricing and is a rare opportunity to acquire a superbly-located Class A asset at a fraction of its replacement cost.
The three-story building features steel-frame construction with an abundance of glass and natural light, premium finish materials, and highly-functional workspaces with a mix of open and private areas. The Property would make an ideal company headquarters, major branch for a corporation, or home to a successful company seeking to establish a regional presence with a great location and freeway signage. It would also be an attractive repositioning opportunity for a developer with a large tenant seeking Class A space with a professional image and prestigious address.
Located approximately 12 miles east of downtown Sacramento, Gold River is a mature, affluent community of 2,700 executive homes east of Sunrise Boulevard and north of Highway 50 in east Sacramento County. Folsom and El Dorado Hills are immediately east of Gold River, and Granite Bay is only about 10 minutes north via Hazel Avenue.
Gold Pointe Corporate Center contains five Class A office buildings totaling approximately 484,000 rentable square feet. Features and amenities include electronically-controlled access, fitness center (located in Building C), bike lockers and showers, and fiber optics. High-quality finishes and common area amenities are complemented by lush landscaping, common area water features, and mature evergreen trees.
An extensive and beautiful modernization of the Subject’s lobby was completed in 2022 at a cost of over $200,000, presenting an elegant and serene first impression to building tenants and visitors alike.
The Subject is presently 29.46% leased to four tenants with scheduled annual rent totaling $886,898. The remainder of the building can be leased, occupied by owner, or both. The layout is ideal for an owner wishing to occupy part of the space and then use rental income to offset expenses and build equity. The building is already demised into suites of various sizes increasing the likelihood of finding tenants for which minimal TI work would be necessary.