Folsom, California, offers a unique opportunity for investors to capitalize on the city's growing economy and rich history. With a strong presence of technology, education, and healthcare sectors, Folsom is an attractive location for commercial real estate investments. Commercial real estate in Folsom can represent a variety of investment opportunities, including office buildings, retail spaces, and industrial properties. The city's infrastructure, including the light rail train system and Highway 50, provides easy access to Downtown Sacramento and other surrounding areas. Folsom's amenities, such as Folsom Lake and the historic downtown district, make it an attractive location for businesses and residents alike. Additionally, the city is home to Folsom Lake College and the Folsom Cordova Unified School District, providing a skilled workforce and a strong educational foundation. With its unique blend of history, natural beauty, and economic growth, Folsom is an excellent choice for commercial real estate investors. The city's attractions, such as the Folsom Powerhouse and the Folsom Historic District, also make it a popular destination for tourists and locals alike.
Currently, there are 35 commercial real estate listings available in Folsom, offering a range of investment opportunities. The average price per square foot for commercial real estate in Folsom is $376 USD, with an average size of 22,187 square feet. The largest commercial property available is 107,934 square feet. In addition to commercial real estate, Folsom also offers industrial properties, with access to the city's transportation infrastructure and a skilled workforce. Apartment buildings are also available, offering investors the opportunity to capitalize on the city's growing residential market. Office properties, including those in the historic downtown district, provide a unique blend of character and modern amenities. Hotels, such as those near Folsom Lake, offer investors the opportunity to capitalize on the city's tourism industry. With its diverse range of investment opportunities, Folsom is an attractive location for investors looking to capitalize on the city's growing economy and rich history.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Folsom, California, there are several alternatives to consider, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates;
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for qualified small businesses;
- Private money lenders and hard money loans, which offer shorter-term, higher-interest financing options for investors and developers who need quick access to capital.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Folsom, California, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 5.66%, investors can gauge the property's potential income-generating ability, making it an essential factor in their purchasing decision. For a deeper understanding of cap rates, it's essential to know what is a cap rate, and how it impacts commercial real estate investments.
In Folsom, where there are currently 35 available listings of commercial real estate, investors can choose from a range of properties, including those with average sizes of 22,187 square feet and prices per square foot of $376 USD. By factoring in the cap rate, investors can make informed decisions about which properties are likely to generate the highest returns, making it a critical component of commercial real estate purchases in Folsom.
What is considered a commercial property?
In Folsom, California, a commercial property is typically considered any property that is used for business or commercial purposes, such as office buildings, retail stores, restaurants, warehouses, and industrial facilities, which can be found among the 35 available listings of Commercial Real Estate for sale in the area.
These properties can range in size from 22,187 square feet to 107,934 square feet, with an average price per square foot of $376 USD and an average cap rate of 5.66%, making Folsom an attractive location for businesses and investors alike.
