Multi-Tenant Office Building for Sale Office FOR SALE


Citrus Heights, CA
$4,426,000 USD
916-801-4936
, Citrus Heights, CA for Sale
$4,426,000 USD
Office - FOR SALE
1/2
null | 8.5% Cap Rate

Multi-Tenant Office Building for Sale
Citrus Heights, CA


HIGHLIGHTS

  • Upside in Rents: The value of the property can be increased dramatically through the aggressive lease up of the 25% of vacant space (±10,659 RSF)
  • Multi-Tenant Property: nant sizes ranging from 500 RSF to just under 5,000 RSF allowing the investor to diversify their risk
  • Located in close proximity to the Interstate 80 interchange and less than 2.9 miles to the City of Roseville
  • Auburn Oaks Plaza offers a lower cost rent alternative to tenants looking for office space in Roseville
  • The property includes excess land with the potential of adding a pad site at the corner of Auburn Boulevard and Auburn Oaks Court.

OVERVIEW

Auburn Oaks Plaza offers a substantial upside in rents, with the potential to dramatically increase the property's value through the aggressive lease-up of the 25% vacant space, totaling approximately 10,659 RSF. This presents a prime opportunity for investors to enhance revenue and improve the overall financial performance of the property. The property is multi-tenant in nature, with tenant spaces ranging from 500 RSF to just under 5,000 RSF. This diverse tenant mix allows potential investors to mitigate risk by not relying on a single tenant, thereby reducing the possibility of a significant vacancy all at once. Additionally, its strategic location near the Interstate 80 interchange and less than 2.9 miles from the City of Roseville offers tenants a lower-cost alternative to office space in Roseville, which typically has higher rents and lower vacancy rates. The property also includes excess land with the potential to add a pad site at the corner of Auburn Boulevard and Auburn Oaks Court, further enhancing its development possibilities. (Seller does not know the exact size of the pad as it is not on a separate parcel.)

ASK ABOUT THIS PROPERTY

Rich EllsworthNewmarkMore Info
916-801-4936

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Rich EllsworthNewmarkMore Info
916-801-4936

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