HinkinsREA publishes 2Q13 San Francisco Greater Bay Area Class A Office Rents Report, click here to download
Hinkins Real Estate Analytics Inc. represented the Investor in the acquisition of this NNN leased single tenant flex office building totaling 12,662 square feet on a site of 1.2 acres. The property is leased to System 3, a strong regional tenant. Property: 5945 Palm Drive, Carmichael, CA (Fee interest) Size: 12,662 SF Office Flex Building on 1.20 Acres (52,272 SF) Lease Type: NNN, Single Tenant Tenant: System 3 Sale Price: $1,670,000 ($131.89 psf) Cap Rate: 8.71% (Yr. 1 NOI - $145,386, 5% annual increases) Sale Date: 11/13/14