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Office Warehouse

Bases Loaded

11455 Folsom Blvd, Rancho Cordova, CA 95742

Listing Price: $6,910,000

Cap Rate
6.00%
Gross SF
28,800
Price/Gross SF
$239.93
Lot Size
2.54 acres
Year Built
1985
Rentable SF
28,800

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Bases Loaded, a single tenant Absolute Net leased flex building in Rancho Cordova, California (Sacramento MSA). The property consists of one single-story showroom/office building totaling 28,880 square feet, located in an irreplaceable location with visibility along Highway 50. The current occupant, Bases loaded, is offering a sale-leaseback with a seven-year initial lease term on an Absolute Net lease, two percent annual increases, and two, five-year options to renew. The proposed lease rate results in a very conservative rent-to-sales ratio of below four percent on the company's 2021 revenue. Bases Loaded has become well-known as one of the largest baseball and softball equipment and supply retailers in the United States. The company has been listed among one of the fastest growing businesses in the nation by INC Magazine. The building was extensively renovated by Bases Loaded in 2015 with a conversion of the interior space into a high-end showroom and offices for the company. The building's improvements, irreplaceable location and signage along Highway 50, as well as the proven strength of the tenant and its commitment to this location provide an attractive passive income investment opportunity. The current occupant, Bases loaded, is offering a sale-leaseback with a seven-year initial term and options for renewal upon closing. Bases Loaded was founded in 1997 and has been a local to Sacramento ever since. They have been ranked one of the fastest growing businesses in the U.S. by INC Magazine and The Business Journal year over year. 2021 has been a record year for them and they have given no indication to slowing down, boasting a sales to rent ratio of below 4 percent. The offering's intrinsic real estate value is exceptionally high. The building has had extensive tenant improvements completed since Bases Loaded purchased the building in 2015. Bases Loaded has converted the property into a massive showroom/retail area with beautiful office improvements. The warehouse in the back is fully insulated and well kept. All the HVAC units were replaced and have been maintained well. The property has freeway frontage exposure to Interstate 50 and is a short drive to the heart of downtown Sacramento.

Investment Highlights

  • In-Place Cap Rate of 6.0 Percent with Annual Rental Increases of 2.0 Percent
  • Passive Net-Leased Investment with No Management Responsibility
  • Freeway Frontage on Highway 50 and Close Proximity to Downtown Sacramento
  • Financially Strong Tenant with Rent to Sales Ratio Below 4.0 Percent
  • Seven-Year Sale-leaseback with Two, Five-Year Options to Renew

Exclusively Listed By

Office Warehouse

Bases Loaded

Listing Price: $6,910,000

Cap Rate
6.00%
Gross SF
28,800
Price/Gross SF
$239.93
Lot Size
2.54 acres
Year Built
1985
Rentable SF
28,800

Investment Highlights

  • In-Place Cap Rate of 6.0 Percent with Annual Rental Increases of 2.0 Percent
  • Passive Net-Leased Investment with No Management Responsibility
  • Freeway Frontage on Highway 50 and Close Proximity to Downtown Sacramento
  • Financially Strong Tenant with Rent to Sales Ratio Below 4.0 Percent
  • Seven-Year Sale-leaseback with Two, Five-Year Options to Renew

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Bases Loaded, a single tenant Absolute Net leased flex building in Rancho Cordova, California (Sacramento MSA). The property consists of one single-story showroom/office building totaling 28,880 square feet, located in an irreplaceable location with visibility along Highway 50. The current occupant, Bases loaded, is offering a sale-leaseback with a seven-year initial lease term on an Absolute Net lease, two percent annual increases, and two, five-year options to renew. The proposed lease rate results in a very conservative rent-to-sales ratio of below four percent on the company's 2021 revenue. Bases Loaded has become well-known as one of the largest baseball and softball equipment and supply retailers in the United States. The company has been listed among one of the fastest growing businesses in the nation by INC Magazine. The building was extensively renovated by Bases Loaded in 2015 with a conversion of the interior space into a high-end showroom and offices for the company. The building's improvements, irreplaceable location and signage along Highway 50, as well as the proven strength of the tenant and its commitment to this location provide an attractive passive income investment opportunity. The current occupant, Bases loaded, is offering a sale-leaseback with a seven-year initial term and options for renewal upon closing. Bases Loaded was founded in 1997 and has been a local to Sacramento ever since. They have been ranked one of the fastest growing businesses in the U.S. by INC Magazine and The Business Journal year over year. 2021 has been a record year for them and they have given no indication to slowing down, boasting a sales to rent ratio of below 4 percent. The offering's intrinsic real estate value is exceptionally high. The building has had extensive tenant improvements completed since Bases Loaded purchased the building in 2015. Bases Loaded has converted the property into a massive showroom/retail area with beautiful office improvements. The warehouse in the back is fully insulated and well kept. All the HVAC units were replaced and have been maintained well. The property has freeway frontage exposure to Interstate 50 and is a short drive to the heart of downtown Sacramento.

Exclusively Listed By

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