10845 International DrRancho Cordova, CA 95670
- Office properties
- 82,441 SF
Property Details for 10845 International Dr
- Year built
- 1999
- Construction
- TILT-UP CONCRETE
- Lot size
- 5.40 AC
- Property size (Sq ft)
- 82,441 SF
- Zone code
- OPMU
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 072-0690-099-0000
- APU
- 7206900990000
Description
This exceptional investment opportunity presents two vacant, Class A office buildings totaling 154,381 square feet of net rentable space. Located in Rancho Cordova's Capital Center Business Park, these meticulously maintained, two-story buildings (built in 1998 and 2001) sit on a 10.56-acre lot and offer a compelling proposition for several buyer profiles. The property's prime location, just two blocks from Highway 50, provides easy access to Downtown Sacramento (a 12-minute drive) and benefits from lower rents and ample free parking. The Highway 50 Corridor is Sacramento's largest office submarket, making this an attractive location for businesses seeking affordable space near suburban communities. These buildings are ideal for owner-users seeking to control their office environment and occupancy costs, value-add investors looking for well-maintained properties in an excellent location, or owner/user investors who can offset operating expenses by leasing excess space. All fixtures, furniture, and equipment are included in the sale at the buyer's option. The buildings boast features that exemplify modern office environments, reflecting a high standard of quality and maintenance. This is a rare opportunity to acquire a substantial, well-located office portfolio in a thriving Sacramento submarket. The property's previous owner, VSP Vision, has implemented a hybrid work model, leading to the vacancy and sale of these assets. Comparable space in the submarket commands an average asking rent of $24.72 per square foot. This offering presents a unique chance to acquire a high-quality asset with significant potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,954,583
- 6.5%
- $11,958,077
- 7%
- $11,103,929
-
Comparable approach
- Method
- Valuation
- Relative Method
- $11,770,926
- Geo Method
- $11,770,926
-
Alternative Use
- Use
- Valuation
- Residential
- $14,828,015
- Hospitality
- $13,582,382
- Educational
- $11,300,383
- Medical
- $11,689,020
- Retail
- $17,578,374
Location Insight
- City
- Rancho Cordova
- County
- Sacramento
- State
- California
- Latitude
- 38.5817
- Longitude
- -121.287
- 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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