8212-8220 Fair Oaks Blvd - Storefront FOR SALE


Carmichael, CA 95608- Outer Carmichael/Citrus Heights
$1,930,000 USD
916-431-7926
8212-8220 Fair Oaks Blvd, Carmichael, CA for Sale
$1,930,000 USD
Storefront - FOR SALE
1/10
null | 7.01% Cap Rate

8212-8220 Fair Oaks Blvd
Carmichael, CA 95608
Outer Carmichael/Citrus Heights


HIGHLIGHTS

  • 7,600 SF warehouse with w/ large yard space
  • 9,250 SF retail strip center
  • 2.35 Acre Parcel
  • Traffic counts of over 30,000 CPD
  • 7.01% cap rate on actual income (upside in leasing the one vacant space)
  • Below market rents that can be raised immediately

OVERVIEW

Jahn-Rich Commercial presents the opportunity to acquire the Vierra Center which consists of Yard space, warehouse space and a strip center located at 8212 Fair Oaks Blvd, Carmichael, CA, 95608. The 16,850 square feet of rentable space sits on a prime 2.35-acre parcel along Fair Oaks Blvd. This portion of Fair Oaks Blvd is known for its substantial traffic counts of approximately 30,029 vehicles per day. The property features 7,600 square feet dedicated to industrial space, including a large yard area, with 9,250 square feet of street front retail space. Zoned LC (Limited Commercial), the Vierra Center offers potential for redevelopment, providing a new owner with a wide array of possible uses. Currently, the retail portion is 90% leased to 6 local and regional tenants. The warehouse is fully leased at under market rents. The large yard space presents a unique opportunity for businesses requiring storage or distribution facilities while also generating income from the already leased retail and yard space. This property is well-suited for both investors looking to capitalize on rental income and owner users interested in utilizing the space for their business operations. Contact listing broker for offering memorandum.

FOR SALE DETAILS

PRICE

$1,930,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

LC

APN/PARCEL ID

260-0031-033

ASK ABOUT THIS PROPERTY

Josh ChiechiJahnrich Commercial Real EstateMore Info
916-431-7926

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Josh ChiechiJahnrich Commercial Real EstateMore Info
916-431-7926

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