421-425 Executive Court North
35,390 SF | 100% Leased | Flex Building | Fairfield, CA 94534 | $6,370,000 ($180/SF) | 7.27% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,370,000
- Property Type
-
Industrial
- Price / Square Foot
- $180
Listing Contacts
Quentin Caruso
Verified Profile
Mark Mason
Verified Profile
- Property Info
Property Overview
421-425 Executive Court North offers an investor the opportunity to acquire a fully occupied multi-tenant, industrial-office flex property located in a seasoned business park.
The Property consists of two industrial-office flex buildings, totaling 35,390 square feet of leasable area, situated on a 2.85-acre lot. The Property is a part of a larger planned business park development, known as Fairfield Executive Court (entire two-property portfolio pricing available upon request, contact listing team). The current tenant roster features a seasoned and diverse mix Solano County Health and Social Services (S&P credit rating of AA+), Solano Family & Children Services (a private, nonprofit agency), and RIX Industries (aerospace, marine, industrial, medical, land and energy engineering).
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 – midway between the tech and finance-dominant San Francisco industries, and Sacramento’s state and medical-dominated industries, offers an investor a secure, low-cost-per-foot, and cash flowing investment vehicle, both on a leveraged and unleveraged basis.
Fairfield Executive Court presents arguably the best value of current on-market industrial-office flex offerings of its kind.
The Property consists of two industrial-office flex buildings, totaling 35,390 square feet of leasable area, situated on a 2.85-acre lot. The Property is a part of a larger planned business park development, known as Fairfield Executive Court (entire two-property portfolio pricing available upon request, contact listing team). The current tenant roster features a seasoned and diverse mix Solano County Health and Social Services (S&P credit rating of AA+), Solano Family & Children Services (a private, nonprofit agency), and RIX Industries (aerospace, marine, industrial, medical, land and energy engineering).
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 – midway between the tech and finance-dominant San Francisco industries, and Sacramento’s state and medical-dominated industries, offers an investor a secure, low-cost-per-foot, and cash flowing investment vehicle, both on a leveraged and unleveraged basis.
Fairfield Executive Court presents arguably the best value of current on-market industrial-office flex offerings of its kind.
Property Details
- Class
- B
- Year Built
- 1992
- Stories
- 1
- Property Subtype
- Flex, R&D, Manufacturing, Distribution, Office Live/Work Unit
- Lot Size (sq. ft)
- 124,146 SF
Highlights
- Highly Accessible Location - Located Within the Fairfield Corporate Commons Planned Business Park Development, Directly off of I-80
- Below Replacement Cost - Demanding Development Process and Cost Prohibitive Development Costs Make for Difficulties Replacing the Property
- Affluent San Francisco Bay Area Location - High Surrounding Area Income Demographics, with Proximity to Napa, San Francisco and Sacramento
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