James Hall Financial Building
Office | 7.09% CAP | 56,086 SqFt
Marketing description
Rare Class A Office Offering in One of Sacramento’s
Tightest Submarkets
Located along the dominant East Stockton Boulevard spine
with direct Highway 99 visibility, the James Hall Financial
Building represents a stabilized, nearly fully leased institutional
office investment with contractual rent growth and durable
suburban fundamentals.
Opportunities to acquire scaled Class A office assets within
Elk Grove’s premier corridor are rare. The building’s positioning
on the favorable east side of Highway 99 places it within the
most established professional office environment in the city,
surrounded by long standing financial, healthcare, and service
oriented tenancy.
Constructed in 2005, the property totals approximately 56,086
square feet and is situated on a 3.42 acre parcel. The asset
features reinforced concrete tilt up construction, high end
interior improvements, professional lobby finishes, and elevator
served access for full ADA compliance. The overall condition
and institutional quality design align directly with the tenant
profile and long term corridor positioning.
The building is nearly fully leased with diversified professional
tenants and embedded contractual rent growth entering 2026.
Limited office inventory in Elk Grove, combined with no new
office construction in the pipeline, continues to support long
term occupancy stability and investor confidence.
Offered at $14,663,000, the investment presents a projected
2026 cap rate of approximately 7.10% at a basis of $261.43 per
square foot, below replacement cost for comparable Class A
suburban office construction.
This is stabilized yield in a supply constrained market,
positioned within Elk Grove’s most dominant office corridor.
Investment highlights
- $14,663,000 Offering Price Institutional scale Class A asset in a tightly held suburban office market.
- 7.10% Projected 2026 CAP Rate Forward yield based on in place leases and scheduled escalations.
- $261.43 Per Square Foot Below replacement cost for comparable Class A office construction along E Stockton Boulevard when factoring land, construction, and soft costs.
- Class A Construction, Built 2005 Reinforced concrete tilt up structure, high end tenant improvements, professional image, elevator served for ADA compliance.
- Nearly Fully Leased Strong occupancy with diversified professional tenancy and predictable income characteristics.
- Premier East Side Highway 99 Location East Stockton Boulevard is the dominant office corridor in Elk Grove. Superior visibility, direct highway exposure, and long term tenant demand create durable positioning.
- Elk Grove Office Vacancy Approximately 3.9% One of the lowest vacancy rates in the Sacramento region. No office currently under construction, limited supply, and stable absorption support continued occupancy strength.
- Address: 9355 E Stockton Boulevard
- Building Size: 56,086 square feet
- Lot Size: 3.42 acres
- Year Built: 2005
- Construction: Reinforced concrete tilt up
- Elevator: Yes
- Zoning: Business Professional (City of Elk Grove)
- Parking: 208 total surface stalls, including 140 standard 9’ x 17’ stalls, 44 standard 9’ x 19’ stalls, 24 compact 9’ x 15’ stalls, 5ADA compliant spaces, and 2 van accessible ADA spaces.
- The site and restrooms are fully compliant with 2025 California Building Code and ADA accessibility standards
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