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193 Blue Ravine Rd Folsom, CA 95630

Sponsored
For Sale
$575,000

1,850 SF Executive Office, 4.9% Cap Rate

Property size:
1,850 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a stabilized, single-tenant executive office building located at 193 Blue Ravine Rd, Folsom, CA 95630. The 1,850 square foot property boasts a current NOI of $28,186, with a projected NOI of $32,327, reflecting a pro-forma cap rate of 5.62%. Currently 100% occupied since September 1, 2023, under a gross lease with a credit-rated tenant, the lease extends for a further four years, expiring September 1, 2028. The lease includes pre-negotiated annual rent bumps of 3%, ensuring consistent income growth. The asking price is $575,000, translating to a price per square foot of $310.81. This modern, two-story brick building is situated in a highly desirable area of Folsom, offering convenient access to major thoroughfares and local amenities. The property features ample parking and well-maintained grounds, creating a professional and attractive environment for tenants. The building's design incorporates abundant natural light, enhancing the workspace's appeal. This investment is ideal for those seeking a passive income stream with built-in growth potential in a prime Folsom location. The property is a single unit within a single building.

Property Features for 193 Blue Ravine Rd

General Information

Property type
Office Properties & Spaces
Square Feet
1,850 SF

Building Details

Buildings
1
Units
1

HighLights

  • Stable, high‑growth potential investment in a prime location.
  • Well‑maintained building with minimal ongoing maintenance expenses.
  • Ideal passive investment opportunity.
Property Profile Location Intelligence

Current Use by Public Records

Granados Regina Psychologist Magana Arthur R Psychologist Gloria G. Coy, ... Marriage Or Relationship Counselor Sarah L. Duncan, ... Medical Clinic Oakwood Interstate Insurance ... Insurance Agency

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Folsom
County
Sacramento
State
California
Longitude
-121.1799527
Latitude
38.653472

FAQs

What type of property is this?
Office Property / Space - 1,850 SF Executive Office, 4.9% Cap Rate
Where is this office property / space located?
The property is located at 193 Blue Ravine Rd Folsom, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Stable, high-growth potential investment in a prime location.; Well-maintained building with minimal ongoing maintenance expenses.; Ideal passive investment opportunity.
More about this property
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