3860 Florin Rd - Freestanding FOR SALE


Sacramento, CA 95823
$15,000,000 USD
310-701-6776
3860 Florin Rd, Sacramento, CA for Sale
$15,000,000 USD
Freestanding - FOR SALE
1/5
null | 5.49% Cap Rate

3860 Florin Rd
Sacramento, CA 95823


OVERVIEW

The subject is a 67,750 square foot free-standing single tenant commercial building leased to Save Mart dba Food Maxx and is part of a larger shopping center. The building is of painted concrete block construction and was completed in 1973, situated on 5.95 acres of commercially zoned land. The subject property lease originated March 2003 for an initial 20-year term which expired in March 2023. SaveMart recently extended the firm term through 10/31/2042. 11/1/2027 to 10/31/2032 Base Rent is $822,800.00/year ($68,566.66 per month).11/1/2032 to 10/31/2037 Base Rent is $866,800.00/year ($72,233.33 per month). 11/1/2037 to 10/31/2042 Base Rent is $905,300.00/year ($75,441.66 per month). The roof and the parking lot were replaced in 2021. The property is in good condition with no deferred maintenance.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

5.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FoodMaxx

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

5.95 AC

LAND SF

259,012 SF

ZONING

C2

APN/PARCEL ID

049-0370-008

ASK ABOUT THIS PROPERTY

John Carrollgiltner realty advisorsMore Info
310-701-6776

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John Carrollgiltner realty advisorsMore Info
310-701-6776

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