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851 Richards BlvdSacramento, CA 95811

Downtown Sacramento Warehouse - For Sale/Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 22,320-square-foot warehouse, situated on a 1.4-acre lot in Sacramento County's vibrant submarket, presents a compelling investment opportunity. Currently, 6,862 square feet is occupied by a single tenant under lease until January 31, 2030, generating approximately $20,000 in monthly revenue. The remaining 15,458 square feet is available for lease or owner-occupancy. The sturdy cinder block building features a split-level design, including a pit area, five drive-in doors (two roll-up, two outside docks), and a small private yard. The property boasts a 13' to 15' ceiling height and ample shared parking. Its strategic location, close to downtown Sacramento and easily accessible from I-60 and I-5 freeways, enhances its appeal. The property is zoned C2-SPD. Financial projections indicate a 5.98% cap rate currently, with potential for a 15% cap rate based on full occupancy and a 12.17% cap rate projected for year two. The asking price is $3,300,000. Detailed information and a brochure are available online. Shared parking is available, with club hours from 6 pm to 4 am.

Highlights

  • 22,320 SF industrial/retail building on a 1.4-acre lot in Sacramento County.
  • $3,300,000 asking price; currently 30% occupied with $20,000/month in revenue, offering significant upside potential.
  • Single-tenant warehouse with 15,458 SF vacant space; existing tenant's lease expires January 31, 2030.
  • Features include 13'-15' ceilings, 5 drive-ins, and a small private yard.
  • C2-SPD zoning; located near Downtown Sacramento, I-5, and I-60 freeways.

Property Details for 851 Richards Blvd

Property type
Warehouses, Retail properties
RSF (Rentable sq. ft)
22,320 SF
Buildings
1
Stories
1

Unit(s) available at that property

Space
Suite 200
Size
15,458 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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