This exceptional investment opportunity presents a ±57,496 square foot, single-story flex building situated in Folsom, CA's Lake Forest Tech Center. The property, located at 107 Woodmere Road, is currently 100% occupied under an absolute NNN lease with Stellant Systems, a leading designer and manufacturer of advanced RF and microwave solutions, extending until June 30, 2035 (10.7 years remaining). The lease features a 2.5% annual rent increase. Built in 1984 and extensively renovated in 2024, the building includes one dock-high door and sits on a 3.89-acre lot. Significant recent upgrades include a new roof and HVAC system (2021), exterior paint, and a parking lot overlay. Currently undergoing renovation are the interior improvements, including restrooms. The asking price is $14,650,000, representing a compelling 6.50% cap rate and a price per square foot of $254.80. The property benefits from its prime location, offering easy access to Highway 50 and high visibility along Folsom Boulevard (ADT 34,563). The tenant's specialized lab build-out, in place since 1996, adds significant value and contributes to the long-term lease stability. This is a truly unique NNN investment opportunity with strong tenant history and significant upside potential. The property's APN is 069-0240-005. The landlord is only responsible for exterior walls and foundation.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$10,342,074
Hospitality
$9,473,284
Educational
$7,881,661
Medical
$8,152,724
Retail
$12,260,361
Location Insight
City
Folsom
County
Sacramento
State
California
Latitude
38.6546
Longitude
-121.185
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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