120 Gateway Dr - Storefront Retail/Office FOR SALE


Lincoln, CA 95648
$3,625,000 USD
916-214-8763
120 Gateway Dr, Lincoln, CA for Sale
$3,625,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 6% Cap Rate

120 Gateway Dr
Lincoln, CA 95648


HIGHLIGHTS

  • Located directly off of Highway 65 
  • Part of a multi-building business park with terrific synergy
  • First class architecture
  • Both Tenants have occupied their space for more than 10 years
  • Upside in building out and renting the 3,000 square foot storage space

OVERVIEW

120 Gateway Drive presents a unique opportunity to own a multi-tenant commercial building in Lincoln, California. Located directly off of Highway 65 and Lincoln Blvd, The property is part of an eight building business park all with a very similar, upscale architectural style. The synergy amongst all of the business park tenant’s as well as a lack of there being any vacancy in the area has proven that significant consumer spending occurs within this area. The building is being offered for sale at $3,640,000. This equals $188 per square foot (which is significantly below replacement costs). There is a vacant 3,000 square foot space that has never been built-out and has always been used as storage. This particular space could easily be rented if a store front was installed along with a vanilla shell finish within the interior portion. Current market rents in surrounding retail centers suggest that this space would rent for $2.50 per square foot or more.

FOR SALE DETAILS

PRICE

$3,625,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg B

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Highway 65

LAND ACRES

-

LAND SF

-

ZONING

COMMERCIAL

APN/PARCEL ID

008-280-044-000

ASK ABOUT THIS PROPERTY

Josh ChiechiJahnrich Commercial Real EstateMore Info
916-214-8763

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Josh ChiechiJahnrich Commercial Real EstateMore Info
916-214-8763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.