250 technology way, rocklin, ca 95765...35.2 median age 3.0 average household size $104,903 median...
TRANSCRIPT
250 Technology Way,Rocklin, CA 95765AVAILABLE FOR SALE OR LEASE
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
Robb Osborne Principal (916) 677-8175 [email protected] DRE # 01398696
Cole Sweatt Vice President (916) 677-8177 [email protected] DRE # 01220240
www.osbornegroupcre.com
Custom Map
Source: ©2019 Esri.
January 22, 2020
©2020 Esri Page 1 of 1
250 Technology Way is located in the highly desired Rocklin, California Submarket. This office/flex building was built in 2006, and features 14,848 SF. The property has high-end finishes throughout the premises, furniture to remain in space with new ownership, fully improved office suites, break room and lobby/waiting area.
The property is a Class B Office/Flex Building with unique, upscale architecture and build-out. Vast window line allows excellent natural light throughout the building. Located in the Placer Corporate Center in North Rocklin adjacent to Hwy 65 via the Sunset Blvd. Exit and minutes to I80 interchange, with visibility on Hwy 65.
Address: 250 Technology Way City, State, Zip: Rocklin, CA 95765 Building Type: Free Standing Use: Office/Flex Space SF: 14,848 Stories: One Zoning: Business Professional
EXECUTIVE SUMMARY
250 Technology Wy
www.osbornegroupcre.com
Purchase Price: $2,672,100 or $180/sfLease Rate: $1.20/SF NNN
65
Sunset Boulevard: 20,498 cars/daySunset Boulevard: 20,498 cars/day
Technology Way
Technology Way
Placer Association of Realtors
www.osbornegroupcre.com
SITE LOCATION
Creekside Church
Placer Corporate Center
Available
www.osbornegroupcre.com
PHOTOS
Click Here To View All Photos/Videos
*Floor plans not to scale.
www.osbornegroupcre.com
FLOOR PLAN
Available14,848 SF
www.osbornegroupcre.com
NEARBY AMENITIES
250 Technology Way
Sunset Blvd
Sunset Blvd
West Oaks Blvd
Park D
r
Indu
stri
al A
ve
Lone
tree
Blv
d
Blue Oak
s Bl
vd
W Stanford Ranch Rd
Strikes Unlimited, Starbucks, Chevron, Power Market, Shell, 7-Eleven, Ulu Love Fitness Studio, Sizzle Mongolian BBQ, El Mariachi Taqueria, Absolute Hair, Sushi & Ramen, Via Roma Pizzeria, Geet’s Beauty Brows, Cat’s Only Veterinary Hospital, Kombat Soccer,
RC Willey, Sportsman’s Warehouse, Grocery Outlet, California Backyard, Petco, Crunch Fitness, Spavia Day Spa, Century Theater, Extreme Craze, First US Community Credit Union, FedEx, Craft Beer Vault, Lucille’s Smokehouse BBQ, Chili’s, Goodyear Auto Service, Starbucks, Carl’s Jr, Skipolini’s, Mel’s Diner, Crazy Sushi, Yummy Poke, Pink Martini,
Source: This infographic contains data provided by American Community Survey (ACS), Esri, Esri and Bureau of Labor Sta�s�cs, Esri and GfK MRI, Esri and Infogroup. The vintage of the data is 2012-2016, 2018.
KEY FACTS
69,048Popula�on
35.2
Median Age
3.0
Average Household Size
$104,903Median Household
Income
Market Overview250 Technology Way, Rocklin, California, 95765
EDUCATION
3%
No High School Diploma 14%
High School Graduate
35%Some College
48%Bachelor's/Grad/P
rof Degree
HOUSING STATS
$493,739Median Home Value
$15,810Average Spent on Mortgage & Basics
$1,541Median Contract
Rent
BUSINESS
2,280Total Businesses
28,205Total Employees
COMMUTERS
20%Spend 7+ hours commu�ng to
and from work per week
81.4%Drove Alone to Work
EMPLOYMENT
75%White Collar
11%Blue Collar
13%Services
3.3%
Unemployment Rate
DEMOGRAPHICS
3 MILE RADIUS
www.osbornegroupcre.com
ROSEVILLE/ROCKLIN OFFICE SUBMARKET REPORT
12 Mo Deliveries in SF: 436 K
12 Mo Net Absorption in SF: 535 K
Vacancy Rate: 8.9%
12 Mo Rent Growth: 3.7%
Roseville/Rocklin is one of Sacramento’s largest office submarkets and includes a wealth of high-end product. Nearly 4 million SF, or about 30% of inventory, is 4 & 5 Star. An affluent suburban area, many of Sacramento’s noteworthy tech employers are located here, in addition to other corporate occupiers.
Deliveries rose to a cyclical peak in 2019 because of two large build-to-suits, but consistent with most of this cycle, few projects were underway at the start of 2020. The submarket received a barrage of new supply in the years leading up to the recession, but developers have largely been quiet this cycle. This lack of supply, coupled with solid demand, had vacancies about on par with the tight metro average as of 20Q1. However, rent growth was well below the pace of 2016–18 and trailing the Sacramento norm.
Annual sales volume is typically strong because of the submarkets abundance of 4 & 5 Star product. While sales volume in 2019 did not match the record investment of 2017–18, pricing increased to a cyclical peak.
www.osbornegroupcre.com
Key Indicators
250 Technology Way,Rocklin, CA 95765AVAILABLE FOR SALE OR LEASE
The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made to the accuracy of the information contained herein.
www.osbornegroupcre.com
Robb Osborne Principal (916) 677-8175 [email protected] DRE # 01398696
Cole Sweatt Vice President (916) 677-8177 [email protected] DRE # 01220240