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Office

3043 Gold Canal Dr

3043 Gold Canal Dr, Rancho Cordova, CA 95670

Listing Price: $3,800,000

Cap Rate
7.04%
Gross SF
26,569
Rentable SF
22,042
Price/Gross SF
$143.02
Lot Size
1.19 acres
Year Built
2007

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 3043 Gold Canal Drive, one of the premier office buildings in the highly desirable Prospect Park trade area of Rancho Cordova. The offering is comprised of a quality, well-maintained, two-story, 26,569-square-foot multi-tenant office building that was originally developed by the ownership group for their business’. The building is currently 95 percent leased to four tenants, some of which have occupied the property for over five years. The buildings only vacancy is 1,200 square feet and is in turn-key condition requiring minimal tenant improvements. The offering provides a rare opportunity for an astute investor to acquire one of the premier office buildings in Prospect Park (the largest employment sub-center in Sacramento), at an offering price significantly below replacement cost and comparable sales, and offers stable in-place income with immediate value-add potential through lease-up and rental upside.

Investment Highlights

  • Exceptionally Well-Maintained Multi-Tenant Office Building with Upside Potential
  • Offered at $146.79 Per Square Foot (Well Below Replacement Cost)
  • Superior Quality with Turn-Key Vacancies
  • In-Place Income Allows Opportunity to Lease Vacancies with No Cash Flow Impairment

Exclusively Listed By

Listing Price: $3,800,000

Cap Rate
7.04%
Gross SF
26,569
Rentable SF
22,042
Price/Gross SF
$143.02
Lot Size
1.19 acres
Year Built
2007

Investment Highlights

  • Exceptionally Well-Maintained Multi-Tenant Office Building with Upside Potential
  • Offered at $146.79 Per Square Foot (Well Below Replacement Cost)
  • Superior Quality with Turn-Key Vacancies
  • In-Place Income Allows Opportunity to Lease Vacancies with No Cash Flow Impairment

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 3043 Gold Canal Drive, one of the premier office buildings in the highly desirable Prospect Park trade area of Rancho Cordova. The offering is comprised of a quality, well-maintained, two-story, 26,569-square-foot multi-tenant office building that was originally developed by the ownership group for their business’. The building is currently 95 percent leased to four tenants, some of which have occupied the property for over five years. The buildings only vacancy is 1,200 square feet and is in turn-key condition requiring minimal tenant improvements. The offering provides a rare opportunity for an astute investor to acquire one of the premier office buildings in Prospect Park (the largest employment sub-center in Sacramento), at an offering price significantly below replacement cost and comparable sales, and offers stable in-place income with immediate value-add potential through lease-up and rental upside.

Exclusively Listed By

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