Fully Leased Industrial Investment
For Sale
$8,500,000
12335 Locksley Ln, Auburn, CA 95602
Fully leased industrial park near Hwy 49, completed in 2024.
Property Size42,440 SF
Price / SF$200.28
Days on Market206
Property Features for 12335 Locksley Ln
General Information
Standard status
Active
Size
42,440 SF
Property subtype
Industrial
Listing Agency:
TRI Commercial | Roseville
(916) 416-6658
Listed By:
Jason Huntoon · License #CalDRE #02109361
(916) 416-6658
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Aug 20 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRI Commercial | Roseville
Investment Insights
Based on property information with market context.
This fully leased industrial investment property is located near Highway 49 on Locksley Lane, within the Auburn Municipal Airport and business park. Constructed in 2024, the property consists of four buildings totaling approximately 42,440 square feet. The sizes of the individual warehouses range from approximately 5,000 to approximately 12,720 square feet. The property offers fee simple ownership with no ground lease with the City of Auburn. This property is suitable for investors seeking opportunities in a submarket known for its historically low vacancy rate compared to the broader Roseville/Rocklin market. A parcel split to purchase individual buildings is possible.
Key Highlights
- Fully Leased Industrial Investment
- New Build Construction, completed in 2024
- Located near Hwy 49 on Locksley Lane
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$587,347
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,746,940
$11.7M
Cap Rate 7%
$8,390,671
$8.4M
Cap Rate 9%
$6,526,078
$6.5M
Market Conditions
NOI Build-Up for 42,440 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$748.6K $17.64/SF
− Vacancy
−$57.6K −$1.36/SF
EGI
$691.0K $16.28/SF
− OpEx
−$103.6K −$2.44/SF
NOI
$587.3K $13.84/SF
Area
Placer County, CA
Vacancy
7.70%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,746,940
Cap Rate 7%
$8,390,671
Cap Rate 9%
$6,526,078
Alternative Uses
Best Use
Warehouse
$8.39M
$7.34M – $9.79M
NOI $587,347 @ 7.0% cap · market cap 6.91%
Second Best
Industrial
$7.47M
$6.53M – $8.71M
NOI $522,652 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$16.43M
$14.38M – $19.17M
NOI $1,150,085 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 95602, CA
18,364
Population
8,132
Households
2.3
Avg Household Size
53
Median Age
35%
College-Educated
93%
High-School Grad
49.7 sq mi
ZIP Area
369
Density / Sq Mi
$102,063
Median Household Income
$51,554
Median Earnings
$1,730
Median Rent
$646,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Fully leased industrial park near Hwy 49, completed in 2024.
Where is this industrial property located?
The property is located at 12335 Locksley Ln Auburn, CA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Fully Leased Industrial Investment; New Build Construction, completed in 2024; Located near Hwy 49 on Locksley Lane
