107 Woodmere RdFolsom, CA 95630
- Industrial properties
- 57,500 SF
Property Details for 107 Woodmere Rd
- Year built
- 1984
- Construction
- TILT-UP CONCRETE
- Lot size
- 3.89 AC
- Property size (Sq ft)
- 57,500 SF
- Zone code
- M-L (PD)
- Property type
- Industrial properties
- Property subtype
- Flex space
- APN
- 069-0240-005-0000
- APU
- 6902400050000
Description
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
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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