For Sale
$3,300,000

851 Richards BlvdSacramento, CA 95811

High-yield warehouse, 15,458 rentable SF

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Sacramento, CA, presents a 22,320 square foot warehouse on a 1.4-acre lot. Currently 30% occupied, generating $197,357 NOI, this property offers significant upside potential. The pro-forma NOI is projected at $401,711, resulting in a 15% cap rate. The asking price is $3,300,000, representing a current cap rate of 5.98%. The single-story building features 5 dock-high doors, 13' to 15' ceiling heights, and approximately 3,000 square feet of office space. The warehouse boasts a sturdy cinder block construction, barbed wire fencing, a split-level design with a pit area, and both drive-in and drive-up dock access. Ample shared parking is available, along with a small private yard. The property is zoned C2-SPD and has the APN 001-0020-013-0000. This vacant unit presents a unique opportunity for owner-users or investors seeking strong returns in a prime Sacramento location. The substantial vacant space allows for immediate occupancy or lease potential, maximizing revenue streams and return on investment. This property is an ideal choice for those seeking a high-growth, high-return industrial investment. The location at 851 Richards Blvd, Sacramento, CA 95811 offers easy access to major transportation routes and key business districts.

Highlights

  • $3,300,000 asking price for a 22,320 SF warehouse in Sacramento, CA.
  • 5.98% cap rate, with a pro-forma cap rate of 15%.
  • Currently 30% occupied, generating $197,357 NOI, with a pro-forma NOI of $401,711.
  • 1.4-acre lot with 5 dock-high doors and 13'-15' ceiling heights.
  • Located at 851 Richards Blvd, Sacramento, CA 95811, with APN 001-0020-013-0000.

Property Details for 851 Richards Blvd

Property type
Warehouses, Retail properties
Square Feet
22,320 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5955576
Longitude
-121.4883875
851 Richards Blvd, Sacramento, California

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851 Richards Blvd
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