21 Natoma St Folsom, CA 95630-2645

Property Details for 21 Natoma St

Year built

2005

Construction

WOOD

Lot size

0.63 lot acres

Property size

8,148 SF

Zone code

C-2

Property type

Office buildings

APN

071-0310-012-0000

APU

7103100120000

Description

This exceptional investment opportunity presents a fully leased, multi-tenant office building situated at 21 Natoma Street in Folsom, California. The 8,148 square foot building, constructed in 2005, sits on a 0.63-acre lot and boasts a 3.60% cap rate with a net operating income (NOI) of $107,710. Currently enjoying full occupancy by seven established tenants, this property offers a stable and reliable income stream. The building features seven well-configured suites, each ideally sized for the current office market. Ample parking is provided, with a ratio of five stalls per 1,000 square feet. The property benefits from a highly visible location on Natoma Street, a major thoroughfare with daily traffic exceeding 15,000 vehicles. Its convenient location near City Hall and various amenities, coupled with flexible C-2 zoning, enhances its versatility and appeal. The asking price is $2,495,000. Three of the seven tenants have options to renew their leases, and annual rent increases of $0.05 per square foot are in place, suggesting strong potential for future growth. This well-maintained property, owned by the original developer, represents a compelling investment opportunity in a thriving Folsom location. The property's location is further enhanced by its proximity to elementary and middle schools.