Kelly Okimoto, Nick Sadek Sotheby's International RealtyPhone: (916) 335-3185
Email: [email protected]
Email: [email protected]
Distinctive 58,316 square foot office campus on approximately 11 acres in El Dorado Hills, a premiere community in Sacramento Foothills. The campus is part of the prestiges 700-acre El Dorado Hills Business Park and includes a 13,781 square foot central building and four connected outer two-story buildings, each 11,134 square feet. The central Main Building was stunningly renovated in 2019 and is occupied by the Seller and three tenants. The four outer 2-story offices totaling 44,536 square feet are vacant and are an amazing value add'' opportunity for the new owner. Based on $.50/ft (30% of market rate) the cap rate is 6.44%, and based on $1.00/ft (60% of market rate) the cap rate is 11.25%. Each of these four buildings have their own HVAC, restrooms (with showers), exterior entries, and areas for individual parking lots. This property has a myriad of opportunities for the new buyers, remaining square footage can be renovated, and rented for large month to month return, building and/or property could be subdivided, buildings can be scraped and 11 acres used for new development. Don't miss out on this amazing opportunity!
