For Sale
$6,685,488

2995 Prospect Park DrRancho Cordova, CA 95670

92,584 SF Office, Prime Location, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a two-story, ±92,584 square foot executive office building situated on a ±6.7-acre lot in Rancho Cordova, CA's desirable Prospect Park submarket. Built in 1998, the concrete-tilt construction building features brick veneer and Spanish-style tile roofing, recently upgraded in November 2023 with a $300,000 roof replacement. The property boasts a generous parking ratio of 5 spaces per 1,000 square feet. Currently operating at 40% occupancy, the building generates a Net Operating Income (NOI) of $248,208, with an asking price of $6,685,488 ($72/SF). The property benefits from a highly efficient HVAC system, including two 90-ton Trane Intellipak cool-only units for the office space and additional units for the lobbies, supplemented by two 800,000 BTU Trane RTF heating units. Its prime location offers easy access to Highway 50 and proximity to Downtown Sacramento and numerous local amenities. The building has been professionally managed for 14 years, ensuring consistent operational efficiency and strong financial performance. This presents a compelling opportunity for investors seeking a well-maintained, high-potential office property in a thriving Sacramento area submarket.

Highlights

  • $6,685,488 asking price for a 92,584 square foot office building.
  • Executive office property type with 40% occupancy.
  • $72 per square foot price.
  • $248,208 Net Operating Income (NOI).
  • Two-story building constructed in 1998 on a 6.7-acre lot in Rancho Cordova, CA.
  • 5 parking spaces per 1,000 square feet.

Property Details for 2995 Prospect Park Dr

Property type
Office properties
Square Feet
92,584 SF
Year Built
1998
Stories
2
Lot Size (sq. ft)
291,852 SF

Location Insight

City
Rancho Cordova
County
Sacramento
State
California
Latitude
38.5938718
Longitude
-121.276672
2995 Prospect Park Dr, Rancho Cordova, California

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2995 Prospect Park Dr
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