9068 Elkmont WayElk Grove, CA 95624

Property Details for 9068 Elkmont Way

Year built

1997

Lot size

2.59 AC

Property size (Sq ft)

47,392 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a fully leased, 47,392-square-foot multi-tenant industrial building situated on a 2.59-acre lot in Elk Grove, California. The property, built in 1997, boasts a desirable light industrial zoning (LI) designation from the City of Elk Grove and enjoys a prime location, minutes from Highway 99, approximately 16 miles south of Downtown Sacramento, and roughly 33 miles north of Stockton. The concrete tilt-up structure houses five separate flex/industrial suites, ranging in size from approximately 2,500 square feet to approximately 18,028 square feet, currently occupied at 100% capacity under long-term absolute NNN leases, minimizing landlord responsibilities. Key features include eight dock-high doors, three dock level doors and five grade level doors, 1600 amps of 208/120v 3-phase power, a recently installed roof, a freshly repaved parking lot, and a fully sprinklered system. The property generates a substantial net operating income (NOI) of $525,048, resulting in an attractive 5.83% capitalization rate. This is a strong, stable investment with significant long-term potential in a highly sought-after industrial submarket. The asking price is $9,000,000. The property's APN is 134-0620-032 and the zip code is 95624.

Location Insight

City

Elk Grove

County

Sacramento

State

California

Latitude

38.3821

Longitude

-121.363

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