Sunrise Corporate Center
Office | 80,800 SqFt
Marketing description
Sunrise Corporate Center is a premier two-story multi-tenant office building located on 2880 Sunrise Blvd, Rancho Cordova, CA. The property encompasses 80,800 square feet of professional office space, situated in the heart of a dynamic and accessible area. Built in 1985, it sits on a 4.90-acre parcel providing visibility and immediate access to major roadways including HWY 50. The Center features office suites ranging in size from ±500 to ±13,000 square feet and currently accommodates twelve tenants. The state-of-the-art facility offers quality amenities including easy freeway access, on-site fitness center, conference rooms, and meticulously maintained landscaping with water features. Positioned in a vibrant community, the Center is adjacent to retail hubs and proximate to public transportation, making it an optimal choice for businesses looking to thrive.
The project is located immediately off Sunrise Boulevard which is one of four main arteries that cross the American River that joins the north and south side of the Sacramento Metropolitan area. Highway 50 is also just two blocks North of the Subject Property, provided for a quick commute to downtown Sacramento and the surrounding areas of Folsom, El Dorado Hills, and Rancho Cordova
Investment highlights
- Discount to Replacement Cost: At an asking price of $80.00 per square foot the Subject Property is being offered at less than half of replacement cost, providing the Purchaser a basis that will allow for appropriate upgrades while still being able to offer a very competitive rental rate. The purchaser will have and economic advantage in retaining and attracting new tenants with the ability to offer lower lease rates than the competition.
- Significant NOI Growth Potential: At the current 48% occupancy level, there is an excellent opportunity to increase the NOI through aggressive leasing and rent increases during the renewal process.
- Diversified Cash Flow: Because of the multi-tenant nature of the asset, the Project offers a highly diversified cash flow from over 40 tenants while still offering a significant opportunity for income growth through the lease up of the current vacancies.
- Attractive Returns: At the asking price and current occupancy at 48% the opportunity provides for the rent growth potential to increase the future income stream and returns.
- Amenity Rich Location: Sunrise Corporate Center is located just off of HWY 50 along the bustling Sunrise Blvd. which offers retail and commercial services within walking distance of the industrial and office components of the area. Sunrise Corporate Center is located near multiple retail centers that include prominent renants such as, Home Depot, Lowes, Sprouts, Bank of America, Pocket Deli, SF Supermarket, Safeway, Starbucks, Mimosa House, In-n-Out, and more. The Subject Property is also within close proximity to public transportation and is walking distance from the Sunrise Blvd. light rail and park and ride.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
