Elk Grove Multi-Tenant Industrial
For Sale
$11,950,000
9068 Elkmont Dr, Elk Grove, CA 95624
47,392 SF industrial building 100% leased in Elk Grove.
Property Size122,109 SF
Price / SF$97.86
Days on Market1054
Property Features for 9068 Elkmont Dr
General Information
Standard status
Active
Size
122,109 SF
Zoning
LI
Listing Agency:
PDF Commercial
Listed By:
Jon Bias · License #01998325
(916) 508-9556
Source:
Expcommercial
Added: Nov 30, 2023
Changed: Oct 16
Last Checked: Oct 16 at 5:37AM
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 PDF Commercial
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Investment Insights
Based on property information with market context.
Located in Elk Grove, California, this multi-tenant industrial building offers 47,392 square feet of space. The concrete tilt-up building is situated on a 2.59-acre parcel and is zoned for light industrial use. The property is located in the industrial submarket of Elk Grove, with proximity to Highway 99, approximately 16 miles south of Downtown Sacramento, and approximately 33 miles north of Stockton. The property features five industrial/flex suites, ranging in size from approximately 2,500 square feet to approximately 18,028 square feet. The building is 100% leased and anchored by tenants such as California Custom Trailers & Powersports and EKC Enterprises, with long-term absolute NNN leases in place.
Key Highlights
- 100% Leased Multi‑Tenant Industrial Building
- Located in the highly sought after industrial submarket of Elk Grove, CA
- Anchored by strong tenants with long term absolute NNN leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$728,176
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,563,520
$14.6M
Cap Rate 7%
$10,402,514
$10.4M
Cap Rate 9%
$8,090,844
$8.1M
Market Conditions
NOI Build-Up for 122,109 SF
Gross rent
$923.1K $7.56/SF
− Vacancy
−$66.5K −$0.54/SF
EGI
$856.7K $7.02/SF
− OpEx
−$128.5K −$1.05/SF
NOI
$728.2K $5.96/SF
Area
Elk Grove, CA
Vacancy
7.20%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,563,520
Cap Rate 7%
$10,402,514
Cap Rate 9%
$8,090,844
Alternative Uses
Best Use
Flex RnD
$16.45M
$14.39M – $19.19M
NOI $1,151,512 @ 7.0% cap · market cap 9.64%
Second Best
Warehouse
$10.40M
$9.10M – $12.14M
NOI $728,176 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$30.52M
$26.70M – $35.61M
NOI $2,136,396 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95624, CA
66,575
Population
20,740
Households
3.2
Avg Household Size
39
Median Age
33%
College-Educated
89%
High-School Grad
45.6 sq mi
ZIP Area
1,460
Density / Sq Mi
$121,269
Median Household Income
$53,303
Median Earnings
$1,960
Median Rent
$603,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - 47,392 SF industrial building 100% leased in Elk Grove.
Where is this flex space located?
The property is located at 9068 Elkmont Dr Elk Grove, CA.
What is the asking price?
The asking price for this property is $11,950,000.
What are key features of this property?
This property features: 100% Leased Multi‑Tenant Industrial Building; Located in the highly sought after industrial submarket of Elk Grove, CA; Anchored by strong tenants with long term absolute NNN leases
