8421 Auburn Blvd Citrus Heights, CA 95610-0359

Property Details for 8421 Auburn Blvd

Year built

1982

Construction

WOOD

Lot size

3.61 lot acres

Property size

44,063 SF

Zone code

SPA

Property type

Office buildings

APN

204-0610-027-0000

APU

20406100270000

Description

Exceptional investment opportunity awaits with Auburn Oaks Plaza, a multi-tenant office building situated on a 3.61-acre lot in Citrus Heights, CA. This 42,716 square foot property, built in 1988, boasts a strong 8.50% cap rate and a substantial net operating income (NOI) of $268,754. Currently priced at $4,426,000 ($111.74/sq ft), the property offers significant upside potential through lease-up of approximately 11,248 square feet of vacant space and rent increases on expiring leases (approximately 11,190 square feet expiring by 7/31/24). The diverse tenant base, with spaces ranging from 500 to nearly 5,000 square feet, mitigates risk. Conveniently located near Interstate 80 and less than 2.9 miles from Roseville, the property benefits from a lower cost rental alternative compared to Roseville's market. Furthermore, an undeveloped 21,500 square foot pad (approximate size, not on a separate parcel) on the corner of Auburn Boulevard and Auburn Oaks Court presents additional development opportunities, adding further value. The property features 246 parking spaces and is zoned SPA (Special Planning Area). The Assessor's Parcel Number (APN) is 204-0610-027. This is a prime opportunity for investors seeking strong returns and future development potential in a desirable location.

Location Insight

City

Citrus Heights

County

Sacramento

State

California

Longitude

-121.291

Latitude

38.719

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments