For Sale
$18,350,000

490 Chadbourne Rd Fairfield, CA 94534

108,010 SF Office Campus, 7.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents the chance to acquire the fee simple interest in Busch Campus Park, a 108,010-square-foot office campus located in Fairfield, California. Situated at the intersection of Interstate 80 and Highway 12, this Class B property boasts a prime location within Fairfield's commercial corridor. Currently 88% occupied, the multi-tenant property offers a strong existing cash flow and significant upside potential. The property features a diverse tenancy, with strong investment-grade tenants, and demonstrates exceptional leasing momentum, showcasing consistent growth over the past two years. The flexible lease structure (NNN) allows for a variety of exit strategies. The property is impeccably maintained, exhibiting excellent curb appeal. This value-add opportunity allows for near-term net operating income growth through lease-up and presents the potential for conversion of existing suites into medical office space, catering to the increasing demand for suburban medical facilities. The asking price is $18,350,000, representing a 7.25% capitalization rate. This property is a compelling investment for those seeking strong cash flow, growth potential, and a strategically positioned asset in a thriving market.

Highlights

  • Strategically located in Fairfield, CA's Highway 12 corridor, at I-80 & Hwy 12 intersection.
  • Exceptional leasing momentum with consistent growth over the past two years.
  • Strong investment-grade tenant base in a multi-tenant building.
  • Flexible NNN lease structure provides a variety of exit strategies.
  • Significant cash flow growth opportunity through lease-up of currently 88% occupied, 108,010 SF Class B office campus.
  • Potential for conversion to medical office space.

Property Details for 490 Chadbourne Rd

Property type
Office properties, Medical offices
Square Feet
108,010 SF
Class
B

Location Insight

City
Fairfield
County
Solano
State
California
Latitude
38.234241407367
Longitude
-122.08205125413

FAQs

What type of property is this?
Office property - 108,010 SF Office Campus, 7.25% Cap Rate
Where is the office property located?
The property is located at 490 Chadbourne Rd Fairfield, CA.
What is the asking price?
The asking price for this property is $18,350,000.
What are key features of this property?
This property features: Strategically located in Fairfield, CA's Highway 12 corridor, at I-80 & Hwy 12 intersection.; Exceptional leasing momentum with consistent growth over the past two years.; Strong investment-grade tenant base in a multi-tenant building.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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490 Chadbourne Rd
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