2990 Lava Ridge Court
Roseville, CA 95661 ·
44,062 SF · Office For Sale
Lava Ridge Building 3
|Price||N/A||Property Use Type||Investment|
|Building Size||44,062 SF||Tenancy||Multiple|
|Property Type||Office||Year Built||1999|
|Property Sub-type||Office Building||Lot Size||2.70 AC|
|Listing ID: 126086||Date Created: 04/26/2001||Last Updated: 01/08/2002|
Lava Ridge Business Center is a three building Class "A" business-campus featuring state-of-the-art communication and building systems, creating a full-service corporate environment. The entire park is being offered for sale. Additionally Building 3 can be purchased separately, or Buildings 1 & 2 can be purchased as a pool.
The Property is centrally located along the Interstate 80 Corridor, between Sacramento and Auburn, in Roseville, California. The Corridor has become attractive to top technology, insurance, financial, and service companies. The area is the most sought-after location by new tenants entering this marketplace.
- The Property is 100% leased at average rental rates approximately 10% below current market rents, offering upside on future lease rollover.
- Strong tenant demand in the office submarket has driven rental rates up by 27% over the last 2 years with further rate increases anticipated.
- The project features efficient floor plates, high-end finishes, outdoor patios, exceptional views, and a fitness center with showers and locker rooms.
- The Roseville/Rocklin area has grown substantially due to the large number of retail services to support the commercial sector.
- Lava Ridge Business Center is centrally located along the Interstate 80 Corridor in an area known as Olympus Pointe/Johnson Ranch.
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