Property Details for 7840 Fair Oaks Blvd

Property size

4,644 SF

Property type

Office properties & Spaces

Description

This exceptional investment opportunity presents a 4,644 square foot Class B office condominium in Fair Oaks, CA, currently 100% occupied by a California government agency under a lease expiring May 30, 2027. The property boasts a strong 7.41% cap rate and a substantial net operating income (NOI) of $59,136. Priced at $798,300 ($171.90/sq ft), this single-unit property offers a secure, stabilized income stream with a long-term tenant in place since 2005. The tenant, a California Department of Rehabilitation, provides a high degree of security and stability. The building is part of a larger three-building complex totaling 81,857 square feet, situated on Madison Ave and Sunrise Blvd, a high-traffic area (43,680 cars daily). Its prime location offers convenient access to Quail Point Shopping Mall and Sunrise Village Shopping Center, providing ample retail and dining options. The property features attractive landscaping, including a large lawn area, interior walkways, and ample parking. This is a rare opportunity to acquire a low-risk, high-return investment with a government-backed tenant and a proven track record of consistent income. The lease includes annual rent increases, further enhancing the long-term value of this exceptional asset.

Location Insight

City

Fair Oaks

County

Sacramento

State

California

Longitude

-121.275

Latitude

38.6632