For Sale
$3,500,000

1895 Howe AveSacramento, CA 95825

Prime Sacramento Retail, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 12,844 square foot retail property located at 1895 Howe Avenue in Sacramento, California, 95825. The property, built in 1980 and extensively renovated in 2024, boasts a strong net operating income (NOI) of $184,953, yielding a 5.30% capitalization rate at an asking price of $3,500,000. The property is currently leased to CSL Plasma under a Net Net (NN) lease with a substantial 13.5 years remaining, providing long-term stability and predictable cash flow. The lease includes options, ensuring continued occupancy. The building sits on a large 55,321 square foot lot, offering ample parking. The $272.50 per square foot price reflects the property's prime location and recent, extensive renovations, including a complete ground-up rehab costing $2.8 million. This strategically located property enjoys convenient proximity to Kaiser Permanente, enhancing its appeal and potential for continued success. The property's size, strong tenant, and long-term lease make it an ideal addition to any commercial real estate portfolio. This is a rare opportunity to acquire a high-performing, well-located retail asset in a thriving Sacramento market.

Highlights

  • NOI of $184,953.
  • Asking price: $3.5 million.
  • 13.5 years remaining on lease with options.
  • $2.8 million in recent tenant improvements (ground-up rehab).
  • Ample parking.
  • Excellent location near Kaiser Permanente.

Property Details for 1895 Howe Ave

Property type
Retail properties, Drug stores
Square Feet
12,844 SF
Year Built/Renovated
1980/2024

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5996986
Longitude
-121.4157627
1895 Howe Ave, Sacramento, California

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1895 Howe Ave
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