FEATURED LISTING

Commonwealth Square

713-817 E. Bidwell Street, Folsom, California

INVESTMENT SUMMARY

   

Offering Price: $20,095,000
Price PSF: $142
Occupancy: 87%
NOI (Year 1):

$1,383,893

NOI (Year 3 - Stabilized):

$1,882,039

Total Land Area:

612,018 SF (14.05 Acres)

 

 

INVESTMENT HIGHLIGHTS 

 

  • Commonwealth Square is anchored by Raley’s Fine Markets, the largest privately-owned grocery in the Sacramento region, which operates 128 locations (78 Raley’s, 20 Bel Air Markets, 22 Nob Hill Foods, and 8 Food Source Stores). Ideally located adjacent to Lembi Park (sports park & aquatics center) and is between two major streets–East Bidwell Street which is the main thoroughfare in the trade area, and Riley Street which connects Folsom to Orangevale, Fair Oaks and Roseville
  • Raley’s rent of just $0.33 PSF/Month, less than half of current market rates, creates a low cost of occupancy and embedded future income upside while enhancing investment security
  • Commonwealth Square is currently 87% leased to twenty-six (26) tenants with rents approximately 22% below current market rates
  • Immediate opportunity to grow NOI through the lease-up of the vacant 18,884 SF – NOI is projected to increase 36% upon stabilization (year 3)
  • Assumable, below market life company financing at up to 65% LTV, at a market rate (4.50% assumed), due in June 2023
  • More than 143,100 people in a 5-mile radius with an Average Household Income exceeding $103,492


FOR MORE
INFORMATION
PLEASE CONTACT:


Philip D. Voorhees 
+1 949 725 8521 
Lic. 01252096 
phil.voorhees@cbre.com

John Read

+1 949 725 8606 
Lic. 01359444 
john.read@cbre.com

 

James Slusher

+1 949 725 8507
Lic. 01857569
james.slusher@cbre.com

 

Megan Read

+1 949 725 8423
Lic. 01516027
megan.read@cbre.com 

Brad Rable

+1 949 725 8468
Lic. 01940290
brad.rable@cbre.com 

 
toward a greener tommorrow
 
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