3900 Lennane Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3900 Lennane Dr
45,894 SF 100% Leased Office Building Sacramento, CA 95834 £4,955,256 (£108/SF) 9.60% Net Initial Yield
Investment Highlights
- 100% LEASED LOW-RISE OFFICE OPPORTUNITY WITH 5-YEAR WALT
- STRONG MARKET MOMENTUM & INCREDIBLE ACCESS AND AMENITIES
Executive Summary
100% LEASED LOW-RISE OFFICE OPPORTUNITY WITH 5-YEAR WALT
* Low Price Per Square Foot | The asking price for this 100% leased asset is only $138/SF.
* Leasing Momentum | 100% leased asset with 78% of the Tenant Roster comprised of new tenants signed post-Covid.
* Long-Term Leases | Above-average WALT of 5.19 years remaining, which is rare for a multi-tenant investment and provides a buyer with added income stability.
* Extensively Renovated | All suites are in Class A condition with high-end renovations and will require minimal tenant improvements during renewal/upcoming rollover.
* Recent Capital Expenditures | Total recent expenditures total $1.43 million, which cover common and exterior areas, as well as suite improvements.
STRONG MARKET MOMENTUM
* Below Market Rents | Rents in place are 10% below market, allowing a buyer significant upside.
* Submarket Momentum | The North & South Natomas office market has recently seen a surge of activity from tenants relocating out of downtown due to health and safety concerns as well as a desire for free parking, shorter commute times, and more affordable rents.
INCREDIBLE ACCESS AND AMENITIES
* Retail-Rich, Infill Location | The Property is across the street from the Target-anchored Promenade at Gateway and Truxel Gateway, providing tenants with immediate access to 1.1 Million Square Feet of retail options and ±123 retailers.
* North Natomas is on the Rise | Kaiser Permanente is planning an outpatient service center, Cal North State is building Innovation Park, single family home development is on the rise, the Centene Campus has recently increased its occupancy, a new Top Golf location is in the works, etc.
* Immediate Access to Freeways | The Property provides its tenants with immediate access to Interstate 80 and Interstate 5, allowing access to most of Sacramento within a 15-minute drive.
* Low Price Per Square Foot | The asking price for this 100% leased asset is only $138/SF.
* Leasing Momentum | 100% leased asset with 78% of the Tenant Roster comprised of new tenants signed post-Covid.
* Long-Term Leases | Above-average WALT of 5.19 years remaining, which is rare for a multi-tenant investment and provides a buyer with added income stability.
* Extensively Renovated | All suites are in Class A condition with high-end renovations and will require minimal tenant improvements during renewal/upcoming rollover.
* Recent Capital Expenditures | Total recent expenditures total $1.43 million, which cover common and exterior areas, as well as suite improvements.
STRONG MARKET MOMENTUM
* Below Market Rents | Rents in place are 10% below market, allowing a buyer significant upside.
* Submarket Momentum | The North & South Natomas office market has recently seen a surge of activity from tenants relocating out of downtown due to health and safety concerns as well as a desire for free parking, shorter commute times, and more affordable rents.
INCREDIBLE ACCESS AND AMENITIES
* Retail-Rich, Infill Location | The Property is across the street from the Target-anchored Promenade at Gateway and Truxel Gateway, providing tenants with immediate access to 1.1 Million Square Feet of retail options and ±123 retailers.
* North Natomas is on the Rise | Kaiser Permanente is planning an outpatient service center, Cal North State is building Innovation Park, single family home development is on the rise, the Centene Campus has recently increased its occupancy, a new Top Golf location is in the works, etc.
* Immediate Access to Freeways | The Property provides its tenants with immediate access to Interstate 80 and Interstate 5, allowing access to most of Sacramento within a 15-minute drive.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
45,894 SF
Building Class
B
Year Built
1990
Price
£4,955,256
Price Per SF
£108
Net Initial Yield
9.60%
NOI
£475,705
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
22,947 SF
Building FAR
0.40
Lot Size
2.64 AC
Opportunity Zone
Yes
Zoning
MP - Industrial-Office Park
Parking
178 Spaces (3.88 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Plug & Play
- Shower Facilities
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Available April 2025. Option A: 4,170 - 7,864 RSF, Option B: 3,694 - 7,864 RSF.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 110 | 3,694-7,864 SF | Office | Full Build-Out | Apr 2025 |
1st Fl-Ste 110
| Size |
| 3,694-7,864 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Apr 2025 |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 110
| Size | 3,694-7,864 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Apr 2025 |
Available April 2025. Option A: 4,170 - 7,864 RSF, Option B: 3,694 - 7,864 RSF.
PROPERTY TAXES
| Parcel Number | 225-0944-033 | Improvements Assessment | £2,781,100 |
| Land Assessment | £885,672 | Total Assessment | £3,666,772 |
PROPERTY TAXES
Parcel Number
225-0944-033
Land Assessment
£885,672
Improvements Assessment
£2,781,100
Total Assessment
£3,666,772
Contacts
-
Matt Post -
Sammy Cemo -
Anthony DeLorenzo -
Austin Reuland -
Nick Williams -
CBRE, Inc.
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
3900 Lennane Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.