851 Richards Blvd, Sacramento, CA 95811
22,320 SF | 30% Leased | Industrial Building | Sacramento, CA 95811 | $3,300,000 ($148/SF) | 5.98% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,300,000
- Property Type
-
Industrial
- Price / Square Foot
- $148
Listing Contacts
Lu Ann Henderson
Verified Profile
- Property Info
Property Overview
5.98% Cap rate Only 30% of the 22,320 SF is occupied, with over $20K in revenue, leaving 70% to lease or owner-user. Pro forma at 15% cap rate. 12.17% cap rate year two.
• The 22,320 SF property sits on 1.4 acres with plenty of shared
parking and a small private yard for the 15,458 SF vacant unit. The
vacant property features barbed wire fencing, a sturdy cinder block
building, a split-level warehouse with a pit area, and two rollup doors
(drive-in). It has enclosed drive-in docks inside the building. There is a
small private yard on the west side of the building where the property
features two drive-up docks. There is also ample shared common
area parking behind the building, and the club hours are 6 pm
to 4 am, so the common area parking lot is shared in passing. This
vacant unit has approximately 3,000 SF of office space: fantastic
location, space, and growth potential. Invest confidently and unlock
the financial rewards of owning a prime industrial property as an
owner user or investor. Check out brochure
• The 22,320 SF property sits on 1.4 acres with plenty of shared
parking and a small private yard for the 15,458 SF vacant unit. The
vacant property features barbed wire fencing, a sturdy cinder block
building, a split-level warehouse with a pit area, and two rollup doors
(drive-in). It has enclosed drive-in docks inside the building. There is a
small private yard on the west side of the building where the property
features two drive-up docks. There is also ample shared common
area parking behind the building, and the club hours are 6 pm
to 4 am, so the common area parking lot is shared in passing. This
vacant unit has approximately 3,000 SF of office space: fantastic
location, space, and growth potential. Invest confidently and unlock
the financial rewards of owning a prime industrial property as an
owner user or investor. Check out brochure
Property Details
- Class
- C
- Year Built
- 1946
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 77,101 SF
Highlights
- Only 30% leased with income of $20,000 a month. 70% to lease for owner user or investor.
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