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Investment Highlights

  • Passive investment in a high-demand area of Folsom

Executive Summary

This is an exceptional opportunity to acquire a stabilized, passive investment in a high-demand area of Folsom, California. This ground-floor unit is located in a professional office building at 193 Blue Ravine Road, this single-unit property is fully leased to a reputable company, ensuring steady income with the potential for year-over-year growth over the next four years. The building itself is a modern, two-story brick structure set amidst lush landscaping and mature trees, offering a serene yet highly professional environment. With abundant natural light streaming through large windows, the workspace inside promotes both productivity and comfort. Ample parking and well-maintained grounds add to the appeal, making this property highly attractive to tenants seeking a prestigious business address. Situated in a desirable area, this property offers convenient access to major thoroughfares and local amenities, while maintaining a calm, inviting atmosphere. The surrounding professional community and nearby services enhance its marketability as a sought-after business location. Investors will appreciate the combination of stable cash flow (plus 3% increases for the next 4 years), professional surroundings, and the potential for increasing returns, making this a prime asset in any portfolio. Cap Rate 5.1% Stabilized Cap Rate 6.2%

Property Facts

Total Building Size 70,000 SF
Property Type Office (Condo)
Building Class C
Floors 2
Typical Floor Size 35,000 SF
Year Built 2005
Lot Size 5.98 AC
Parking Ratio 3.91/1,000 SF
Zoning BP (PD) - Business and Professional Office/Planned Development

Amenities

  • Signage
  • Natural Light
  • Air Conditioning

1 Unit Available

Unit STE

Unit Size 1,850 SF
Price $751,619 CAD
Price Per SF $406.28 CAD
Condo Use Office
Sale Type Investment
Cap Rate 5.10%
NOI $38,332.59 CAD
Sale Notes

Stabilized investment with established future growth in a very desirable area. The building is well-managed and nearly all maintenance costs are built in. Perfect for a passive investor. Cap rate includes HOA reserves that accumulate to cover major capital expenditures.

Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33146170

  • Date on Market: 2024-09-11

  • Last Updated:

  • Address: 193 Blue Ravine Rd, Folsom, CA 95630

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