427-435 Executive Court N
45,792 SF | 57% Leased | Flex Building | Fairfield, CA 94534 | $5,335,000 ($117/SF) | 4.33% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,335,000
- Property Type
-
Industrial
- Price / Square Foot
- $117
Listing Contacts
Quentin Caruso
Verified Profile
Mark Mason
Verified Profile
- Property Info
Property Overview
The Fairfield Executive Court / Parcel B consists of three industrial-office flex buildings, totaling 45,972 square feet of leasable area, situated on a 210,395 sq. ft. parcel. The Property is a part of a larger planned business park development, known as Fairfield Executive Court (entire portfolio pricing available upon request - Please contact listing team). The current tenant roster features a seasoned and diverse mix of Solano County Health and Social Services (S&P credit rating of AA+), Solano Family & Children Services (a private, nonprofit agency).
Purchase of the subject property utilizing SBA-504 program financing allows a business owner to fix its occupancy costs, add a valuable real estate asset to its balance sheet, while receiving depreciation, and other tax benefits. Further, the SBA-504 loan fixed interest rates eliminates a business owner’s exposure to increased costs from lease annual rent increases, and other occupancy cost increase due under a typical lease.
Located in the East San Francisco Bay Area, adjacent to Solano Community College and the heavily trafficked Interstate 80, the Property benefits from excellent accessibility and multiple economic drivers in the surrounding area. Nearby employers include Solano Community College, Travis Air Force Base, Jelly Belly Headquarters, and Anheuser-Busch’s Fairfield Regional Brewery. Furthermore, the Property enjoys the benefits of a surrounding population that is highly educated and high earning. The Property’s location is midway between the tech and finance-dominant San Francisco industries, and Sacramento’s state and medical-dominated industries.
Fairfield Executive Court presents a business owner with an attractive alternative to renewing or entering into a lease for industrial/office/flex space in the Fairfield submarket of the I-80 corridor.
Purchase of the subject property utilizing SBA-504 program financing allows a business owner to fix its occupancy costs, add a valuable real estate asset to its balance sheet, while receiving depreciation, and other tax benefits. Further, the SBA-504 loan fixed interest rates eliminates a business owner’s exposure to increased costs from lease annual rent increases, and other occupancy cost increase due under a typical lease.
Located in the East San Francisco Bay Area, adjacent to Solano Community College and the heavily trafficked Interstate 80, the Property benefits from excellent accessibility and multiple economic drivers in the surrounding area. Nearby employers include Solano Community College, Travis Air Force Base, Jelly Belly Headquarters, and Anheuser-Busch’s Fairfield Regional Brewery. Furthermore, the Property enjoys the benefits of a surrounding population that is highly educated and high earning. The Property’s location is midway between the tech and finance-dominant San Francisco industries, and Sacramento’s state and medical-dominated industries.
Fairfield Executive Court presents a business owner with an attractive alternative to renewing or entering into a lease for industrial/office/flex space in the Fairfield submarket of the I-80 corridor.
Property Details
- Class
- B
- Year Built
- 1983
- Stories
- 1
- Property Subtype
- Flex
- Lot Size (sq. ft)
- 210,395 SF
Highlights
- An ideal investment for a business owner to lower and stabilize occupancy costs.
- Acquire the subject property with as little as 10% cash down preserving operating capital.
- The cost of tenant improvements may be included in the SBA financing at the same 90% loan to value to allow for customization of the interior space.
- Purchase price per square foot well below replacement cost.
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