818 19th St - Storefront Retail/Office FOR SALE


Sacramento, CA 95811- Boulevard Park
$1,250,000 USD
916-524-6097
818 19th St, Sacramento, CA for Sale
$1,250,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.67% Cap Rate

818 19th St
Sacramento, CA 95811
Boulevard Park


OVERVIEW

818 19th Street in Sacramento is a fully leased, two-building investment property in the heart of Midtown, o?ered at $1,250,000 with a 6.67% cap rate. Situated on a ±6,400 SF parcel with C-2 zoning, the ±4,948 SF property is 100% occupied by a Salon, At Ease Brewery, and Escape Sacramento. It also has its own parking lot which is very unique to the area. Tenants align perfectly with the neighborhood’s vibrant, walkable atmosphere. Built in 1950, the property combines classic architecture with modern tenant demand, delivering stable monthly gross rent of $9,353.82 ($112,245 annually) and annual net operating income of $83,445. All three leases feature 3% annual rent increases, o?ering built-in income growth and options to renew.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C2

APN/PARCEL ID

007-0011-024

ASK ABOUT THIS PROPERTY

Nate GiwoffGQNorth Real EstateMore Info
916-524-6097

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Nate GiwoffGQNorth Real EstateMore Info
916-524-6097

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