Folsom Flex for Sale
CBRE, Inc. is pleased to offer an immaculate, triple mint ±66,414 square foot manufacturing complex fully leased to Agilent Technologies, Inc. The Tenant operates a mission-critical manufacturing and testing facility which supports the creation of analytical solutions used in food safety testing. Gas chromatography is the heartbeat of this facility which conducts the following operations:
1. Order Fulfillment & Supply Chain
The facility handles order fulfillment of analytical products, particularly has chromatography columns and related supplies, that Agilent ships to laboratories and customers.
2. Production & Distribution of Consumables
It supports production, stocking and distribution of scientific consumables related to chromatography.
3. Laboratory & Application Support
This site has customer applications laboratories and collaboration spaces used to demonstrate and support analytical systems for chromatography.
4. Manufacturing Support
Folsom supports Agilent’s chromatography hardware supply chain, including parts and components for their state-of-the-art systems.
Agilent has been a tenant at the Subject since 2008.
In 2016 the Company debuted its Center for Excellence next door, a $14.7 million, ±53,000 square foot technology center, in order to expand their ability to deliver chromatography hardware and consumables.
The opportunity is priced at $14,875,000.
The Tenant’s initial lease term was July 1, 2008 to June 30, 2015 with a five-year option to extend. A First Amendment to Lease extended the term from July 1, 2011 to June 30, 2020. A Second Amendment to Lease served to increase renewal option rent. A Third Amendment to Lease memorialized an expansion of the physical plant, entirely paid for by Agilent, and provided for an extension of the primary lease term from approximately January 1, 2015 to December 31, 2030 plus two five-year options. Agilent has just extended its lease yet again from June 1, 2026 to May 31, 2036.
