4150 Florin Perkins Rd - Warehouse FOR SALE


Sacramento, CA 95826- Southeastern Sacramento
$5,000,000 USD
916-724-1310
4150 Florin Perkins Rd, Sacramento, CA for Sale
$5,000,000 USD
Warehouse - FOR SALE
1/10
null | 11.41% Cap Rate

4150 Florin Perkins Rd
Sacramento, CA 95826
Southeastern Sacramento


OVERVIEW

Marcus & Millichap has been selected to exclusively market for sale 4150 Florin Perkins Road, a multi-tenant industrial property in the Power Inn submarket of Sacramento, California with desirable M-1S Light Industrial Zoning. The building has a newer roof and a recently upgraded 2,000 Amp electrical system. 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 for $1.70 PSF NNN on a new five-year lease. The remaining 21,000 SF is vacant, but the current tenant has expressed interest in taking over the remaining space at $1.25 PSF NNN, bringing the pro-forma cap rate to 11.41%. 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 all for $142 PSF.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

11.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.27

LAND SF

98,703

ZONING

M-1S

APN/PARCEL ID

061-0140-046

ASK ABOUT THIS PROPERTY

Russ MorozMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1310

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Russ MorozMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1310

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