6290 88th St - Warehouse FOR SALE


Sacramento, CA 95828
$7,249,000 USD
916-751-3609
6290 88th St, Sacramento, CA for Sale
$7,249,000 USD
Warehouse - FOR SALE
1/14
null | Request Cap Rate

6290 88th St
Sacramento, CA 95828


HIGHLIGHTS

  • ±19,688 SF Industrial building built in 2007
  • Significant Tenant Investment in the building
  • Generous going-in Cap Rate of 8.0% with annual rent increases
  • NOI of $579,945.00
  • Cannabis Nursery, Genetics, and Research facility fully approved by the City of Sacramento and the State of California
  • Tenant is in its 6th year of occupancy with 9+ years of lease term remaining

OVERVIEW

Kidder Mathews is pleased to present 6290 88th Street on behalf of the ownership as a Single Tenant NNN leased investment. The original construction was completed in 2007. The building was taken down to a shell in 2019, and the building now has a $5 Million investment in place for the Tenant Improvements and related equipment. The Tenant, Conception Nurseries, is a leader in genetic development and tissue culture micro-propagation for Cannabis. Conception does not cultivate cannabis on-site, but genetically develops and grows ‘baby’ plants or ‘clones’ that cultivators then purchase for their cultivation.

FOR SALE DETAILS

PRICE

$7,249,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.27

LAND SF

55,321

ZONING

M-2S

APN/PARCEL ID

062-0160-010

ASK ABOUT THIS PROPERTY

Jay RichterKidder MathewsMore Info
916-751-3609

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Jay RichterKidder MathewsMore Info
916-751-3609

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