INDUSTRIAL PROPERTY SHOWCASE

Elk Grove

2204 Kausen Dr, Building D – Elk Grove, CA 95758
10,844 SF | 100% Leased Flex Building | $3,490,000 ($321.84/SF) | 5.50% Cap Rate

Executive Summary

Positioned in one of Elk Grove’s premier business parks, this modern flex-office property delivers both secure cash flow and future flexibility. Fully leased under NNN agreements, investors enjoy steady returns, while potential owner-users have the option to occupy up to half the building. With ±0.82 acres, a high-clear height, and easy freeway access, it’s a rare opportunity to own a property that balances income, location, and adaptability.

Investment Highlights

• Two-tenant, single-story flex/office building in Laguna West Business Center
• Direct I-5 access at Laguna Blvd exit
• Fully leased with NNN tenants – Reach Adult Development & Gracie Jiu-Jitsu
• Strong income stability with option for partial owner-user occupancy
• High parking ratio (10/1,000 SF) & professional curb appeal
• Thriving Elk Grove market with low vacancy rates

Property Facts

Type/Subtype: Flex / Office

Building Size: 10,844 SF

Lot Size: 0.81 AC

Year Built: 2006

Cap Rate: 5.50%

Clear Height: 20’

Parking Ratio: 10/1,000 SF

Zoning: M-1

Elk Grove industrial market

• Elk Grove is a growing suburban industrial submarket with strong highway access (I-5 / Hwy 99 corridors), relatively lower land costs than core Sacramento, and notable business parks (Laguna West Business Center, Elkmont area). Demand is driven by local contractors, light manufacturing, service businesses, and last-mile users.
• Regionally (Sacramento metro), saw larger trades averaging roughly $115–$144/SF for 20k+ SF deals in the region
• Practical implication: Elk Grove assets trade at a premium to replacement cost for well-located, power-ready, or high-image product, but public sale frequency is lower — on-market listings and private deals dominate the visible inventory.

Elk Grove – comps / listings

1. 9068 Elkmont Dr, Elk Grove, CA — Listing Size: ~47,392 SF
   • Notes: Concrete tilt-up, multi-tenant industrial; marketed as a core Elk Grove asset
2. 9180 Klagge Ct — Reported sale Sale Price: ~$3,250,000
3. Expo Centre Business Park, NE Sacramento — 121,816 SF — Sale Price: $17,550,000 — $144.07/SF.
4. 6001 Outfall Cir (Power Inn submarket) — 93,225 SF — Sale Price: $11,900,000 — $127.65/SF.

Links

Argossy International Properties
Elk Grove Economic Development Dept.

Transportation Snapshot

• Cargo Airport: Sacramento International Airport – 23 mi / ~31 min drive
• Cargo Rail: Union Pacific Intermodal (Stockton) – ~41 mi / ~48 min drive
• Cargo Port: Port of West Sacramento – ~22 mi / ~30 min drive