Ethan Conrad Properties Acquires Foreclosed Gold River Office Building for $8.06M

Ethan Conrad Properties is proud to announce the acquisition of 12009 Foundation Place, a 107,934-square-foot office building located in the Gold Pointe Corporate Center in Gold River, California. Purchased for $8.06 million, this strategic acquisition marks another bold move in expanding our Class A office portfolio across the Sacramento region.

The property was acquired through a foreclosure sale, offering significant value at a 41% discount from its previous sale price of $13.25 million in 2022. The three-story building is highly visible from Highway 50, making it a premier location for office tenants seeking quality space in a competitive market.

“This building is in excellent condition and requires minimal renovations,” said Ethan Conrad, CEO of Ethan Conrad Properties. “It presents a great opportunity for tenants looking for affordable, high-quality office space without the premiums seen in nearby markets like Folsom.”

With competitive rental rates, abundant parking, and proximity to retail and dining amenities, 12009 Foundation Place is positioned to attract tenants looking to right-size or upgrade to a more efficient office layout. This acquisition complements Ethan Conrad Properties’ existing footprint in the area, including 11971 Foundation Place, where 50,000 square feet was recently leased to Gainwell Technologies LLC.

“With the space we already own in this campus, we’re able to offer tenants flexible options, competitive pricing, and move-in ready solutions — all within a beautifully maintained business park,” Conrad added.

This latest investment underscores our ongoing commitment to providing best-in-class commercial real estate opportunities across the Sacramento region and beyond. As the market continues to shift, Ethan Conrad Properties remains focused on acquiring quality assets at value-driven pricing, helping our tenants thrive in today’s evolving office environment.

Interested in leasing office space at Gold Pointe Corporate Center?
Contact us today to learn more about available suites at 12009 and 11971 Foundation Place.