1895 Howe AveSacramento, CA 95825

Property Details for 1895 Howe Ave

Year built

1973

Construction

TILT-UP CONCRETE

Lot size

1.27 AC

Property size (Sq ft)

12,928 SF

Zone code

GC

Property type

Retail properties

Property subtype

Other individual retail properties

APN

278-0270-012-0000

APU

27802700120000

Description

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.

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5997

Longitude

-121.416

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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