This Office Property is Off-Market.

3785 Placer Corporate Drive
Rocklin, CA 95765 ·

62,034 SF · Office For Sale

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Placer Corporate Center

Price N/A Cap Rate 6.86%
Building Size 62,034 SF Occupancy 100%
Property Type Office Tenancy Multiple
Property Sub-type Office Building Lot Size 5.60 AC
Property Use Type Net Lease Investment with 5 years left on lease
Listing ID: 15434508 Date Created: 11/12/2007 Last Updated: 05/15/2008

Description

The subject property is a very attractive, single-story, flex-style office building located in Rocklin, California. Completed in 2005, the building makes excellent use of strong color and pleasing architectural details to create an upscale corporate identity not normally associated with flex office buildings. The property is 100% leased to two tenants. One is local, but the other is a credit tenant that occupies 75% of the building. The grounds are nicely landscaped, and the parking lot which surrounds the building provides ample free parking for tenants at a ratio of approximately six spaces per 1,000 square feet.

The Roseville/Rocklin area is at the center of dramatic growth in population and all forms of new development that have characterized South Placer County for the last 15 years. One of the key reasons for its popularity is a location at the intersection of Interstate 80 and State Highway 65. As new population growth and residential development extended north on Highway 65, the area found itself quickly transitioning from being at the outer edge of the greater Sacramento metroplex, to being at the center of the South Placer regional growth phenomenon. The subject' s location, in unincorporated Placer County just west of the Rocklin city limit, affords tenants unrivaled access to freeways, restaurants, and shopping opportunities, including the Roseville Galleria, the region' s newest and most upscale regional mall.

Research

3785 Placer Corporate Drive, Rocklin, CA 95765 (Placer County)

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