Description
An investor/user opportunity to acquire a 15,125 SF multi-tenant mixed-use metal building in Sacramento, California. Built in 1980, this building is zoned C-4 and is occupied by a multitude of office, art/music studios, and a light manufacturing tenant. With an average lease rate of $1.02 Sf and market rents of $1.25 SF, generous income upside is apparent and easily achievable. Acquisition Cap Rate is 4.3 %, and the market Cap Rate is 8.33% conservatively. All tenants are long term but on annual leases, expiring every January of the new calendar year.
Location
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 29th September, 2023 6:55 AM (UTC)
Listing Agent: Kelly Rivett
Listing Office: Cornish & Carey Commercial
Attribution contact: 4087279600
