2510 Evergreen Ave - Distribution FOR SALE


West Sacramento, CA 95691
$8,125,000 USD
916-642-3914
2510 Evergreen Ave, West Sacramento, CA for Sale
$8,125,000 USD
Distribution - FOR SALE
1/15
null | 5.5% Cap Rate

2510 Evergreen Ave
West Sacramento, CA 95691


HIGHLIGHTS

  • Copy link to download Offering Memorandum: https://www.pcplistings.com/listings/evergreenave/
  • 100% LEASED TO COMPANY WITH $20B+ REVENUE – MARKET LEADER
  • LONG NNN LEASE WITH BELOW MARKET RENT AND STRONG 3.5% BUMPS
  • IDEAL LOCATION & SOLID UNDERLYING REAL ESTATE FUNDAMENTALS

OVERVIEW

100% LEASED TO COMPANY WITH $20B+ REVENUE – MARKET LEADER * 100% leased to ABC Supply Company, Inc., a privately held company with annual revenues of $20.7B in 2024. ABC Supply is the largest wholesale distributor of roofing materials in North America. * ABC Supply has an S&P credit rating of BB+, creating a highly secured income stream. LONG NNN LEASE WITH BELOW MARKET RENT AND STRONG 3.5% BUMPS * NNN lease structure allows for passive ownership and ease of management. * With 7.8 years remaining on the initial lease term and the tenant’s strong financial position, this investment offers a stable income stream. * The lease features strong 3.5% annual increases throughout the duration of the primary term in addition to two 5-year options at fair market rent, ensuring that the property’s cash flow will keep pace with the rising market. IDEAL LOCATION & SOLID UNDERLYING REAL ESTATE FUNDAMENTALS * West Sacramento may be the most sought after submarket in the region from a logistics perspective, with its immediate access to all the region’s major freeways (Interstate 80, Highway 50 & Interstate 5), proximity to the deep water Port of Sacramento and the Sacramento International Airport, and its proximity to some of the most densely populated areas in the city. * Even though the West Sacramento submarket is the second largest submarket in the region (25.4MSF), the vacancy rate for Light Industrial Class B (6.3MSF) is only 1.3%. * Despite the lack of available industrial space, there are currently no industrial buildings under construction in West Sacramento.

FOR SALE DETAILS

PRICE

$8,125,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

18 Ft

DOCKS

11

DRIVE INS

4

PARKING SPACES

34

LAND DETAILS

LAND ACRES

2.8

LAND SF

121,968

ZONING

M1

APN/PARCEL ID

067-190-006-000

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 Notice.

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

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