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Lindsay Almberg

casoldbylindsay@gmail.com +1(916) 709-0102

$ 2,350,000

Est. payment | -/mo

0.68 Acres Lot

Save

$ 2,350,000

Est. payment | -/mo

Save

0.68 Acres Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226118238

HOA Y/N No

Year Built 1984

Lot Size 0.684 Acres

Acres 0.6841

Property Sub-Type Retail

Source MLS Metrolist

Property Description

Multi-Tenant Retail Investment: Excellent opportunity to acquire a fully occupied multi-tenant neighborhood retail center located along the established Northgate Boulevard commercial corridor in Sacramento. This approximately 9,800 SF retail property features six tenant spaces with a diverse mix of neighborhood-serving uses, including a church, three salon/service businesses, pizza restaurant, and Mediterranean restaurant. The largest tenant, a church, occupies approximately 5,000 SF, consisting of two combined spaces of approximately 3,000 SF and 2,000 SF. The remaining center consists primarily of approximately 800 SF suites, with the pizza tenant occupying approximately 1,600 SF. The property currently generates approximately $13,946 per month in total rent and additional rent collections. Based on preliminary operating expenses of approximately $3,100 per month, estimated NOI is approximately $130,155 annually, representing an indicated 5.54% cap rate at the $2,350,000 asking price. Buyers should independently verify all income, expenses, leases, and financial information. The center offers excellent visibility, convenient on-site parking, multiple storefronts, and easy access to I-80 and I-5, with convenient connections to Downtown Sacramento, Natomas, and Sacramento International Airport. The surrounding Northgate corridor includes numerous grocery, restaurant, service, and national/regional retail businesses. Offered at $2,350,000, this property presents an opportunity for investors seeking an established Sacramento infill retail asset with existing cash flow and potential future income growth through lease renewals and rental increases.

Location

State CA

County Sacramento

Area 10833

Direction Please use GPS.

Location Details Other

Interior

Heating Varies by Unit

Cooling Varies by Unit

Flooring Tile, Vinyl

Exterior

Parking Features Common Area Shared

Utilities Available Telephone

Water Access Desc Public

Roof Type Shingle

Total Parking Spaces 35

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 274-0243-006-0000

Special Listing Condition None

Listed by Grand Realty Group

Schools and Properties Nearby

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+1(916) 709-0102

casoldbylindsay@gmail.com

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2251 Northgate BLVD Sacramento, CA 95833