9068 Elkmont Way Elk Grove, CA 95624
- Warehouses
- 47,392 SF
- 2.59 lot acres
Current Use by Public Records
- Warehouses
Property Details for 9068 Elkmont Way
- Year built
- 1997
- Lot size
- 2.59 lot acres
- Property size
- 47,392 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fully leased, 47,392-square-foot multi-tenant industrial building situated on a 2.59-acre lot in Elk Grove, California. The property, built in 1997, boasts a desirable light industrial zoning (LI) designation from the City of Elk Grove and enjoys a prime location, minutes from Highway 99, approximately 16 miles south of Downtown Sacramento, and roughly 33 miles north of Stockton. The concrete tilt-up structure houses five separate flex/industrial suites, ranging in size from approximately 2,500 square feet to approximately 18,028 square feet, currently occupied at 100% capacity under long-term absolute NNN leases, minimizing landlord responsibilities. Key features include eight dock-high doors, three dock level doors and five grade level doors, 1600 amps of 208/120v 3-phase power, a recently installed roof, a freshly repaved parking lot, and a fully sprinklered system. The property generates a substantial net operating income (NOI) of $525,048, resulting in an attractive 5.83% capitalization rate. This is a strong, stable investment with significant long-term potential in a highly sought-after industrial submarket. The asking price is $9,000,000. The property's APN is 134-0620-032 and the zip code is 95624.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elk Grove
- County
- Sacramento
- State
- California
- Longitude
- -121.363
- Latitude
- 38.3821
