916-505-0524
12009 Foundation Pl, Gold River, CA for Sale
Office - FOR SALE
1/9
null | Request Cap Rate

12009 Foundation Pl
Gold River, CA 95670


HIGHLIGHTS

  • Trophy asset with high-quality finishes and amenities
  • Extensive and beautiful lobby modernization completed in 2022 at a cost of over $200,000
  • Building and grounds meticulously maintained and managed
  • Tremendous opportunity for an investment-minded owner-user; three-story configuration makes it easy to co-occupy with tenants to produce income
  • Freeway visibility with excellent regional access via freeways and light rail
  • Only two minutes from Folsom and 15 minutes from downtown Sacramento

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gold Pointe Corp Ctr Bldg B

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

443

LAND DETAILS

LAND ACRES

5.76 AC

LAND SF

250,906 SF

ZONING

MP (PC)

APN/PARCEL ID

069-0260-017

ASK ABOUT THIS PROPERTY

Randy GetzCBRE, Inc.More Info
916-505-0524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Randy GetzCBRE, Inc.More Info
916-505-0524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.