Fully Leased Manufacturing
For Sale
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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 Market97
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: Oct 17
Last Checked: Oct 19 at 7:05AM
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
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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 / Yr
$419,524
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,390,480
$8.4M
Cap Rate 7%
$5,993,200
$6.0M
Cap Rate 9%
$4,661,378
$4.7M
Market Conditions
NOI Build-Up for 66,414 SF
Gross rent
$637.6K $9.60/SF
− Vacancy
−$38.3K −$0.58/SF
EGI
$599.3K $9.02/SF
− OpEx
−$179.8K −$2.71/SF
NOI
$419.5K $6.32/SF
Area
Sacramento County, CA
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,390,480
Cap Rate 7%
$5,993,200
Cap Rate 9%
$4,661,378
Alternative Uses
Best Use
Industrial
$5.99M
$5.24M – $6.99M
NOI $419,524 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.69M
$15.48M – $20.64M
NOI $1,238,507 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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
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Market
Vacancy Rate% for Industrial in West region
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.
