4865 Pasadena Ave - Flex FOR SALE


Sacramento, CA 95841
$4,584,000 USD
916-642-3914
4865 Pasadena Ave, Sacramento, CA for Sale
$4,584,000 USD
Flex - FOR SALE
1/11
null | Request Cap Rate

4865 Pasadena Ave
Sacramento, CA 95841


HIGHLIGHTS

  • VALUE-ADD MULTI-TENANT INDUSTRIAL PROJECT IN INFILL SACRAMENTO LOCATION
  • STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE

OVERVIEW

VALUE-ADD MULTI-TENANT INDUSTRIAL PROJECT IN INFILL SACRAMENTO LOCATION * 100% leased asset with a diversified rent roll and durable in-place income. The Property includes 11 tenants with suites averaging 2,300 SF. Minimal office buildout (±15%) and oversized 10’ x 12’ roll-up doors on every suite. * 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 2.24 years, the rent roll can unlock accretive value with upcoming renewals at accelerated market rates. * Situated off a main street with instant access to the I-80 and Business 80 freeways, the Property is ideally positioned in a dense infill location with 380,986 residents and 89,444 daytime employees within a 5-mile radius. * Ownership has recently spent over $400,000 on property improvements, including roof re-coating, exterior paint, asphalt upgrades, fence & gate repairs, and interior renovations. STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE * The incubator industrial segment of the market is outperforming the overall market. The overall Sacramento industrial market (194M SF) has a low vacancy rate of 5.1%, but the incubator segment (10.25M SF) has a vacancy rate of only 2.4%. * The Property sits within the I-80/ Roseville Road Submarket, which has the second highest amount of incubator industrial space in the region (1.3M SF), one of the lowest vacancy rates (0.5%) and average asking rents of $0.94/SF/month NNN. * Currently, in the entire I-80/ Roseville Road Submarket, there is only 7,150 SF of incubator space available for lease. * There are currently no multitenant industrial buildings under construction in Sacramento, contributing to this supply constrained segment of the market.

FOR SALE DETAILS

PRICE

$4,584,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

39

LAND DETAILS

LAND ACRES

2

LAND SF

87,120

ZONING

GC

APN/PARCEL ID

240-0132-022,240-0132-025

ASK ABOUT THIS PROPERTY

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

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

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

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