Prospect Park Commons

Property Type Office - Government Office
Property Size 153,870 SF
Lot Size 12.91 Acre
Parking Spaces Avail. 615
Parking Ratio 4.00/ 1,000 SF
Property Tenancy Multi-Tenant
LEED Certified Gold
Building Class B
Year Built 1985

Location

Map
Street

City Rancho Cordova, CA
Zip Code 95670
Market Sacramento

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 31 Jan, 2019
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Rancho Cordova

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Rancho Cordova Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $21.54
2020 Office Vacancy Rate 18.10%
2020 Office Completions (SF)

Rancho Cordova Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $180.31
Y-o-Y Avg. PpSF Change 10.87%
2020 Office Sales Volume $89.4M
2020 Number of Transactions 6

View more Rancho Cordova market trends

Tax

Property Tax in 2021-2022 $225,948
Market Value* $19,232,959
Assessed Value $19,232,959

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Prospect Park Commons?

Prospect Park Commons totals 153,870 square feet.

When was this property built?

Prospect Park Commons was built in 1985.

When was Prospect Park Commons last sold?

Prospect Park Commons was last sold on 31 Jan, 2019.

What is the property tax for Prospect Park Commons?

The property tax for Prospect Park Commons in 2021-2022 was $225,948.

What is the market value for Prospect Park Commons?

The market value* for Prospect Park Commons in 2021-2022 was $19,232,959.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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