21 Natoma Street | 21 Natoma St
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21 Natoma Street 21 Natoma St
8,148 SF 100% Leased Office Building Folsom, CA 95630 $2,495,000 ($306/SF) 4.32% Cap Rate
Investment Highlights
- Stable asset located in the heart of Folsom
- Highly visible building with daily traffic counts exceeding 15,000
- Natoma Street is a major connector between El Dorado Hills to Folsom
- 3 of the 7 tenants have options to renew
- Ample parking with a ratio of 5 stalls per 1,000 square fee
- Flexible C-2 zoning is suitable for a variety of uses
Executive Summary
Newmark is pleased to exclusively offer a prime investment opportunity for sale: A fully leased, multi-tenant property located in the vibrant city of Folsom, California. Situated at 21 Natoma Street, this property features an approximately 8,148 square foot building within a complex at Natoma Professional Center which is comprised of four office buildings. Constructed in 2005 on a lot size of roughly 0.63 acres, the building enjoys full occupancy by seven well-established tenants. Strategically positioned to benefit from the bustling Natoma Street corridor, the site is ideally located near City Hall, a variety of local amenities, and both elementary and middle schools.
With high-quality, fully leased investment properties in scarce supply, 21 Natoma Street offers a reliable investment opportunity in Folsom, characterized by stable, long-term tenants and a proven track record of demand. Additionally, this asset has well configured office suites. This is critical in today’s office market and this is an ideal asset.
With high-quality, fully leased investment properties in scarce supply, 21 Natoma Street offers a reliable investment opportunity in Folsom, characterized by stable, long-term tenants and a proven track record of demand. Additionally, this asset has well configured office suites. This is critical in today’s office market and this is an ideal asset.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,148 SF
Building Class
B
Year Built
2005
Price
$2,495,000
Price Per SF
$306
Cap Rate
4.32%
NOI
$107,710
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,148 SF
Building FAR
0.29
Land Acres
0.64 AC
Zoning
C-2 - C-2
Parking
5 Spaces per 1,000 SF Leased
Amenities
- 24 Hour Access
- Signage
- Central Heating
- Fully Carpeted
- Air Conditioning
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Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 071-0310-012 | Improvements Assessment | $1,890,000 |
| Land Assessment | $550,000 | Total Assessment | $2,440,000 |
PROPERTY TAXES
Parcel Number
071-0310-012
Land Assessment
$550,000
Improvements Assessment
$1,890,000
Total Assessment
$2,440,000
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21 Natoma Street | 21 Natoma St
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