Office Condo For Sale • 1,850 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit STE | Office | 1,850 SF | $549,000 USD | |
Sale NotesStabilized investment with established future growth in a very desirable area. The building is well-managed and nearly all maintenance costs are built in. Perfect for a passive investor. Cap rate includes HOA reserves that accumulate to cover major capital expenditures. |
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This is an exceptional opportunity to acquire a stabilized, passive investment in a high-demand area of Folsom, California. This ground-floor unit is located in a professional office building at 193 Blue Ravine Road, this single-unit property is fully leased to a reputable company, ensuring steady income with the potential for year-over-year growth over the next four years. The building itself is a modern, two-story brick structure set amidst lush landscaping and mature trees, offering a serene yet highly professional environment. With abundant natural light streaming through large windows, the workspace inside promotes both productivity and comfort. Ample parking and well-maintained grounds add to the appeal, making this property highly attractive to tenants seeking a prestigious business address. Situated in a desirable area, this property offers convenient access to major thoroughfares and local amenities, while maintaining a calm, inviting atmosphere. The surrounding professional community and nearby services enhance its marketability as a sought-after business location. Investors will appreciate the combination of stable cash flow (plus 3% increases for the next 4 years), professional surroundings, and the potential for increasing returns, making this a prime asset in any portfolio. Cap Rate 5.1% Stabilized Cap Rate 6.2%
| Passive investment in a high-demand area of Folsom |
| Cap Rate: | 5.10 % |
| Total Expenses: | $0 USD |
| Transit/Subway | Drive | Walk | Distance |
|---|---|---|---|
| Glenn (Gold Line - Sacramento Regional Transit District Light Rail (The RT)) | 3 min | 18 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Sacramento International | 44 min | - | 32.5 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 274 |
| Type: | Surface |
| Included in Rent: | Yes |