Fully Leased Manufacturing
For Sale
Contact for pricing
91 Blue Ravine Road, Folsom, CA 95630
Immaculate, triple net manufacturing complex fully leased to Agilent Technologies with expanded operations and testing capabilities.
Property Size66,414 SF
Price / SF$223.97
Days on Market50
Property Features for 91 Blue Ravine Road
General Information
Standard status
Active
Size
66,414 SF
Total Parking Spaces
194
Property subtype
Industrial
Zoning
M-1 PD (Light Industrial/Planned Development)
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$868,695
Building Details
Year Built
1984
Year Renovated
2015
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
CBRE - Sacramento
Listed By:
Randy Getz · License #CA 00828903
(916) 446-8290
Source:
Crexi
Added: Jul 16
Changed: Aug 14
Last Checked: Sep 1 at 7:30AM
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 CBRE - Sacramento
Investment Insights
Based on property information with market context.
CBRE is pleased to offer an immaculate, triple-net manufacturing complex totaling 66,414 square feet, fully leased to Agilent Technologies, Inc. The facility supports a mission-critical manufacturing and testing operation focused on chromatography, including order fulfillment and supply chain activities related to analytical products and chromatography columns, as well as the production, stocking, and distribution of scientific consumables. The site also includes customer application laboratories and collaboration spaces used to demonstrate and support analytical systems for chromatography, along with manufacturing support for Agilent’s chromatography hardware supply chain.
Agilent has been a tenant at the subject since 2008. The original lease ran July 1, 2008 to June 30, 2015 with renewal options that were later extended through multiple lease amendments. A third amendment memorialized an expansion of the physical plant paid for by Agilent and extended the primary lease term from approximately January 1, 2015 to December 31, 2030, plus two additional five-year options. Agilent has since extended its lease again from June 1, 2026 to May 31, 2036.
Agilent has been a tenant at the subject since 2008. The original lease ran July 1, 2008 to June 30, 2015 with renewal options that were later extended through multiple lease amendments. A third amendment memorialized an expansion of the physical plant paid for by Agilent and extended the primary lease term from approximately January 1, 2015 to December 31, 2030, plus two additional five-year options. Agilent has since extended its lease again from June 1, 2026 to May 31, 2036.
Key Highlights
- 66,414 SF manufacturing complex built in 1984, fully leased to Agilent Technologies, Inc. on a mission‑critical testing and manufacturing operation.
- Agilent has been the tenant since 2008; latest lease extension runs from June 1, 2026 to May 31, 2036.
- Lease term extended to Dec 31, 2030 plus two additional five‑year options, reflecting multiple lease amendments over time.
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
$587,534
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
3.95%
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%
$11,750,680
$11.8M
Cap Rate 7%
$8,393,343
$8.4M
Cap Rate 9%
$6,528,156
$6.5M
Market Conditions
NOI Build-Up for 66,414 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
$900.6K $13.56/SF
− Vacancy
−$61.2K −$0.92/SF
EGI
$839.3K $12.64/SF
− OpEx
−$251.8K −$3.79/SF
NOI
$587.5K $8.85/SF
Area
El Dorado County, CA
Vacancy
6.80%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
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%
$11,750,680
Cap Rate 7%
$8,393,343
Cap Rate 9%
$6,528,156
Alternative Uses
Best Use
Industrial
$8.39M
$7.34M – $9.79M
NOI $587,534 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$23.74M
$20.78M – $27.70M
NOI $1,662,097 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
Demographics for 95630, CA
74,787
Population
30,106
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
97%
High-School Grad
26.2 sq mi
ZIP Area
2,854
Density / Sq Mi
$139,182
Median Household Income
$74,786
Median Earnings
$2,280
Median Rent
$702,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Immaculate, triple net manufacturing complex fully leased to Agilent Technologies with expanded operations and testing capabilities.
Where is this manufacturing property located?
The property is located at 91 Blue Ravine Road Folsom, CA.
What is the asking price?
The asking price for this property is $14,875,000.
What are key features of this property?
This property features: 66,414 SF manufacturing complex built in 1984, fully leased to Agilent Technologies, Inc. on a mission‑critical testing and manufacturing operation.; Agilent has been the tenant since 2008; latest lease extension runs from June 1, 2026 to May 31, 2036.; Lease term extended to Dec 31, 2030 plus two additional five‑year options, reflecting multiple lease amendments over time.
