4150 Florin Perkins Rd, Sacramento, CA 95826
35,045 SF | 100% Leased | Industrial Building | Sacramento, CA 95826 | $5,400,000 ($154/SF) | 10.12% Cap Rate
For Sale
Active
Asking Price $5,400,000
- Property Type
-
Industrial
- Price / Square Foot
- $154
Listing Contacts
James Beeghly
Russ Moroz
Christopher Drake
Abdullah Sulaiman
Matt Sulaiman
Property Overview
Marcus & Millichap has been selected to exclusively market for sale 4150 Florin Perkins Road, a fully leased multi-tenant industrial property in the Power Inn submarket of Sacramento, California with desirable M-2 Heavy Industrial Zoning.
4150 Florin Perkins Road consists of a single industrial warehouse of approximately 35,045 square feet located on a roughly 2.09-acre parcel. ±14,000 square feet are currently leased to a single tenant with an average rent of $1.70 PSF NNN. The Seller currently occupies the remaining ±21,000 square feet and will sign a lease at $1.15 PSF NNN starting at Close of Escrow. Each tenant has a long track record of success and intends to stay in the property. . . .
The property is well situated in the Power Inn submarket of Sacramento, which boasts a 3.3% vacancy rate in the industrial sector. The location provides immediate access to Highway 50 with connections to I-80, I-5, and Highway 99. Further, the property is located less than five miles from Mather Airport, a regional hub for cargo and general aviation.
The offering represents the rare opportunity to own a fully leased, high-quality industrial investment property with strong tenants, excellent income, and a 10% year-one cap rate.
4150 Florin Perkins Road consists of a single industrial warehouse of approximately 35,045 square feet located on a roughly 2.09-acre parcel. ±14,000 square feet are currently leased to a single tenant with an average rent of $1.70 PSF NNN. The Seller currently occupies the remaining ±21,000 square feet and will sign a lease at $1.15 PSF NNN starting at Close of Escrow. Each tenant has a long track record of success and intends to stay in the property. . . .
The property is well situated in the Power Inn submarket of Sacramento, which boasts a 3.3% vacancy rate in the industrial sector. The location provides immediate access to Highway 50 with connections to I-80, I-5, and Highway 99. Further, the property is located less than five miles from Mather Airport, a regional hub for cargo and general aviation.
The offering represents the rare opportunity to own a fully leased, high-quality industrial investment property with strong tenants, excellent income, and a 10% year-one cap rate.
Property Details
- Class
- C
- Year Built
- 1980
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 98,881 SF
Highlights
- 35,045-SF Building on 2.09-Acres
- 10.12% Cap Rate on Year One Income
- Fully Leased (NNN) to Stable Tenants with Long Track Records of Success
- Extremely Low Vacancy Submarket – 3.3% Vacancy in 1Q, 2024
- Offered at $154 PSF in Submarket Where Industrial Buildings Consistently Sell For $160-$180 PSF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].