107 Woodmere Rd Folsom, CA 95630

Property Details for 107 Woodmere Rd

Year built

1984

Construction

TILT-UP CONCRETE

Lot size

3.89 lot acres

Property size

57,500 SF

Zone code

M-L (PD)

Property type

Flex space

APN

069-0240-005-0000

APU

6902400050000

Description

This exceptional investment opportunity presents a ±57,496 square foot, single-story flex building situated in Folsom, CA's Lake Forest Tech Center. The property, located at 107 Woodmere Road, is currently 100% occupied under an absolute NNN lease with Stellant Systems, a leading designer and manufacturer of advanced RF and microwave solutions, extending until June 30, 2035 (10.7 years remaining). The lease features a 2.5% annual rent increase. Built in 1984 and extensively renovated in 2024, the building includes one dock-high door and sits on a 3.89-acre lot. Significant recent upgrades include a new roof and HVAC system (2021), exterior paint, and a parking lot overlay. Currently undergoing renovation are the interior improvements, including restrooms. The asking price is $14,650,000, representing a compelling 6.50% cap rate and a price per square foot of $254.80. The property benefits from its prime location, offering easy access to Highway 50 and high visibility along Folsom Boulevard (ADT 34,563). The tenant's specialized lab build-out, in place since 1996, adds significant value and contributes to the long-term lease stability. This is a truly unique NNN investment opportunity with strong tenant history and significant upside potential. The property's APN is 069-0240-005. The landlord is only responsible for exterior walls and foundation.