11151 Sun Center Dr, Rancho Cordova, CA 95670
11,122 SF | 88% Leased | Office Building | Rancho Cordova, CA 95670 | $1,545,000 ($139/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,545,000
- Property Type
-
Office
- Square Feet
- 11,122 SF
- Price / Square Foot
- $139
Listing Contacts
Tom Conwell
Verified Profile
Mike Smith
Verified Profile
- Property Info
Property Overview
Newmark is pleased to exclusively offer a prime owner/user investment opportunity for sale: A fully leased, multi-tenant property located in a well established business park in the city of Rancho Cordova, California. Situated at 11151 Sun Center Drive, this property features an approximately 11,109 square foot building. Constructed in 1981 on a lot size of roughly 1.23 acres, the building enjoys full occupancy by five well-established tenants. Strategically positioned to benefit from the bustling Sunrise Boulevard corridor, the site is ideally located near City Hall, a variety of local amenities, and several housing and retail developments which are underway.
With high-quality, fully leased investment properties in scarce supply, 11151 Sun Center Drive offers a reliable investment opportunity in Rancho Cordova, characterized by stable tenants and a proven track record of demand. Additionally, this asset has well configured office suites. This is critical in today’s office market and this is an ideal asset.
With high-quality, fully leased investment properties in scarce supply, 11151 Sun Center Drive offers a reliable investment opportunity in Rancho Cordova, characterized by stable tenants and a proven track record of demand. Additionally, this asset has well configured office suites. This is critical in today’s office market and this is an ideal asset.
Property Details
- Class
- B
- Year Built
- 1985
- Stories
- 1
- Lot Size (sq. ft)
- 54,014 SF
Highlights
- Great upside potential
- $0.05 per square foot annual rent increases
- Stable asset located in the heart of Rancho Cordova
- 6 perfectly configured suites, each of an ideal size for the office leasing market
- This property features small suites occupied by wellestablished tenants
- Each suite has an adjacent entrance
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