91 Blue Ravine Rd - Flex FOR SALE


$14,875,000 USD
916-505-0524
91 Blue Ravine Rd, Folsom, CA for Sale
$14,875,000 USD
Flex - FOR SALE
1/14
null | 5.84% Cap Rate


HIGHLIGHTS

  • 100% leased to Agilent Technologies, Inc. (BBB+ by S&P Global Ratings and Fitch Ratings)
  • Agilent has been in place since 2008; lease just extended through May 2036
  • Tenant expanded within the Subject at its own expense in 2015 and has massively invested in trade fixtures and personalty key to their future business
  • Located within Folsom’s Lake Forest Tech Center
  • Easy access to public transportation and all area freeways
  • 5.5% Folsom/El Dorado Hills Q4 2025 industrial vacancy rate

OVERVIEW

CBRE, Inc. is pleased to offer an immaculate, triple mint ±66,414 square foot manufacturing complex fully leased to Agilent Technologies, Inc. The Tenant operates a mission-critical manufacturing and testing facility which supports the creation of analytical solutions used in food safety testing. Gas chromatography is the heartbeat of this facility which conducts the following operations: 1. Order Fulfillment & Supply Chain The facility handles order fulfillment of analytical products, particularly has chromatography columns and related supplies, that Agilent ships to laboratories and customers. 2. Production & Distribution of Consumables It supports production, stocking and distribution of scientific consumables related to chromatography. 3. Laboratory & Application Support This site has customer applications laboratories and collaboration spaces used to demonstrate and support analytical systems for chromatography. 4. Manufacturing Support Folsom supports Agilent’s chromatography hardware supply chain, including parts and components for their state-of-the-art systems. Agilent has been a tenant at the Subject since 2008. In 2016 the Company debuted its Center for Excellence next door, a $14.7 million, ±53,000 square foot technology center, in order to expand their ability to deliver chromatography hardware and consumables. The opportunity is priced at $14,875,000. The Tenant’s initial lease term was July 1, 2008 to June 30, 2015 with a five-year option to extend. A First Amendment to Lease extended the term from July 1, 2011 to June 30, 2020. A Second Amendment to Lease served to increase renewal option rent. A Third Amendment to Lease memorialized an expansion of the physical plant, entirely paid for by Agilent, and provided for an extension of the primary lease term from approximately January 1, 2015 to December 31, 2030 plus two five-year options. Agilent has just extended its lease yet again from June 1, 2026 to May 31, 2036.

FOR SALE DETAILS

PRICE

$14,875,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

5.84%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

194

LAND DETAILS

LAND ACRES

4.39

LAND SF

191,285

ZONING

M-1 PD

APN/PARCEL ID

069-0250-027

ASK ABOUT THIS PROPERTY

Randy GetzCBRE, Inc.More Info
916-505-0524

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Randy GetzCBRE, Inc.More Info
916-505-0524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.