2995 Prospect Park Dr Rancho Cordova, CA 95670

Property Details for 2995 Prospect Park Dr

Year built

1998

Lot size

6.70 lot acres

Property size

92,584 SF

Property type

Office Properties & Spaces

Description

This exceptional investment opportunity presents a two-story, ±92,584 square foot executive office building situated on a ±6.7-acre lot in Rancho Cordova, CA's desirable Prospect Park submarket. Built in 1998, the concrete-tilt construction building features brick veneer and Spanish-style tile roofing, recently upgraded in November 2023 with a $300,000 roof replacement. The property boasts a generous parking ratio of 5 spaces per 1,000 square feet. Currently operating at 40% occupancy, the building generates a Net Operating Income (NOI) of $248,208, with an asking price of $6,685,488 ($72/SF). The property benefits from a highly efficient HVAC system, including two 90-ton Trane Intellipak cool-only units for the office space and additional units for the lobbies, supplemented by two 800,000 BTU Trane RTF heating units. Its prime location offers easy access to Highway 50 and proximity to Downtown Sacramento and numerous local amenities. The building has been professionally managed for 14 years, ensuring consistent operational efficiency and strong financial performance. This presents a compelling opportunity for investors seeking a well-maintained, high-potential office property in a thriving Sacramento area submarket.