For Sale
$5,400,000

4150 Florin Perkins RdSacramento, CA 95826

Fully leased, high-cap rate industrial property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, single-story industrial warehouse totaling 35,000 square feet on a 2.09-acre lot in Sacramento, CA. The property, built in 1980, boasts a 10.12% cap rate based on a Net Operating Income (NOI) of $546,630, and is offered at $5,400,000 ($154.09/sq ft). Currently housing three tenants under NNN leases, the property enjoys 100% occupancy. The desirable M-1S zoning adds significant value. Located at 4150 Florin Perkins Rd, Sacramento, CA 95826, this asset benefits from its strategic location in the Power Inn submarket, providing easy access to major freeways (Highway 50, I-80, I-5, and Highway 99) and proximity to Mather Airport. The low 3.3% vacancy rate in the submarket underscores the strength of this investment. Each tenant has a proven track record and intends to remain in the property long-term, ensuring consistent income and stability. The property's price point represents a compelling opportunity in a market where comparable industrial buildings sell for $160-$180 per square foot. This is a rare chance to acquire a high-quality, fully leased industrial property with strong cash flow and significant upside potential.

Highlights

  • 35,045 SF building on 2.09 acres, M-2 Heavy Industrial zoning.
  • 10.12% Year One Cap Rate.
  • Fully leased (NNN) to creditworthy tenants with strong operating histories.
  • Submarket boasts extremely low 3.3% vacancy (Q1 2024).
  • Offered at $154/SF, below market average of $160-$180/SF.

Property Details for 4150 Florin Perkins Rd

Property type
Warehouses, Industrial properties
Square Feet
35,045 SF
Year Built
1980
Buildings
1
Stories
1
Lot Size (sq. ft)
91,040 SF
Units
3

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5373459
Longitude
-121.3915262
4150 Florin Perkins Rd, Sacramento, California

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4150 Florin Perkins Rd
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