107 Woodmere RdFolsom, CA 95630

  • Industrial properties
  • 57,500 SF
For Sale
$14,650,000 View listing

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
107 Woodmere Rd, Folsom, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$125,545
$2,768,879
$8,945,640
$11,714,519
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