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9141 Elkmont Way
Elk Grove, CA 95624
Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Rentable Building Area | 28,000 SF |
| Property Subtype | Warehouse | No. Stories | 1 |
| Building Class | B | Year Built | 1992 |
| Lot Size | 1.50 AC | ||
| Zoning | MULT | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.50 AC |
| Rentable Building Area | 28,000 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Zoning | MULT |
ABOUT 9141 ELKMONT WAY , ELK GROVE, CA 95624
Region: Elk Grove Type: Industrial, Office Size: ± 28,000 SF Sale Price: $4,950,000 Cap Rate: 5.4% Year 1 NOI: $292,346 w/ 2.5% annual increases Cooks Collision, an Abra Company, occupies a distinct, highly improved facility at 9141 Elkmont Way, Elk Grove, CA 95624. This facility is Cooks’ designated Geico Repair Shop and their exclusive “recommended” repair shop for Geico customers. The Tenant will sign a new full twelve (12) year lease commencing at Close of Escrow. The rent rate shall be $24,345 per month NNN (Tenant pays all expenses except structural repairs) and includes generous 2.5% annual increases. The asset is being offered for sale at a new, lower price of $495,000,000 (approximately $176.79/SF) representing an initial unleveraged Capitalization Rate of 5.40% and a leveraged year one cash on cash return of 6.50% including principal paydown (assuming 60% LTV, 4.75% interest Rate and 25-year amortization). The combination of the building’s quality, specialized improvements, infrastructure features, and highly accessible location, as well as the market’s tight inventory and strong user demand, creates one of the most unique industrial investment opportunities in the Sacramento region.
PROPERTY TAXES
| Parcel Number | 134-0630-038 | Improvements Assessment | $4,563,194 |
| Land Assessment | $1,061,208 | Total Assessment | $5,624,402 |
PROPERTY TAXES
