For Sale
$2,495,000

21 Natoma StFolsom, CA 95630

Prime Folsom Office Building, 8,148 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, multi-tenant office building situated at 21 Natoma Street in Folsom, California. The 8,148 square foot building, constructed in 2005, sits on a 0.63-acre lot and boasts a 3.60% cap rate with a net operating income (NOI) of $107,710. Currently enjoying full occupancy by seven established tenants, this property offers a stable and reliable income stream. The building features seven well-configured suites, each ideally sized for the current office market. Ample parking is provided, with a ratio of five stalls per 1,000 square feet. The property benefits from a highly visible location on Natoma Street, a major thoroughfare with daily traffic exceeding 15,000 vehicles. Its convenient location near City Hall and various amenities, coupled with flexible C-2 zoning, enhances its versatility and appeal. The asking price is $2,495,000. Three of the seven tenants have options to renew their leases, and annual rent increases of $0.05 per square foot are in place, suggesting strong potential for future growth. This well-maintained property, owned by the original developer, represents a compelling investment opportunity in a thriving Folsom location. The property's location is further enhanced by its proximity to elementary and middle schools.

Highlights

  • Significant upside potential.
  • Annual rent increases of $0.05 per square foot.
  • Three of seven tenants hold renewal options.
  • Stable asset in prime Folsom location.
  • Seven efficiently sized suites ideal for the office market.
  • Small suites occupied by established tenants.

Property Details for 21 Natoma St

Property type
Office properties
Square Feet
8,148 SF
Year Built
2005
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Folsom
County
Sacramento
State
California
Latitude
38.6816526
Longitude
-121.1618026
21 Natoma St, Folsom, California

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21 Natoma St
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