3920 W Capitol Ave - Warehouse FOR SALE


West Sacramento, CA 95691
$9,318,000 USD
916-642-3914
3920 W Capitol Ave, West Sacramento, CA for Sale
$9,318,000 USD
Warehouse - FOR SALE
1/15
null | 6% Cap Rate

3920 W Capitol Ave
West Sacramento, CA 95691


HIGHLIGHTS

  • IDEALLY LOCATED MULTI-TENANT INDUSTRIAL PROPERTY IN INFILL SACRAMENTO LOCATION
  • STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE

OVERVIEW

IDEALLY LOCATED MULTI-TENANT INDUSTRIAL PROPERTY IN INFILL SACRAMENTO LOCATION * CBRE Econometric Advisors projects strong rent growth for industrial assets in Sacramento, totaling as much as ±18% over the next 5 years. With a remaining WALT of ±2.9 years, the rent roll can unlock accretive value with upcoming renewals at accelerated market rates. * The Property includes seven tenants with suites averaging ±7,600 SF. With all tenants on NNN leases, the Property presents an investor with an inflation-protected and stable income stream with ease of ownership. * Concrete tilt construction, minimal office buildout and oversized 12’ x 14’ roll-up doors on every suite. * With freeway visibility and immediate access to both the I-80 and Hwy 50 freeways as well as the deep water Port of West Sacramento, the Property is ideally positioned in West Sacramento — one of the best industrial submarkets in the entire region. STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE * The West Sacramento submarket is the second largest submarket in the region (25.4MSF) and the vacancy rate for Light Industrial Class B (6.3MSF) is only 1.5%. * For Sacramento industrial buildings between 4,000 and 50,000 SF, which comprises a total of 76M SF, average asking rates over the last six years have increased 51% (an annual 8.5% growth rate) and the vacancy rate has dropped from 3.6% to 2.8%. * There are currently no multitenant industrial buildings under construction in Sacramento, contributing to this supply constrained segment of the market. The Property is priced significantly below replacement cost.

FOR SALE DETAILS

PRICE

$9,318,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg 6

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.38

LAND SF

147,233

ZONING

M-1

APN/PARCEL ID

008-030-065-000

ASK ABOUT THIS PROPERTY

Matt PostCBRE, Inc.More Info
916-642-3914

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Matt PostCBRE, Inc.More Info
916-642-3914

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