650 Howe AveSacramento, CA 95825

Property Details for 650 Howe Ave

Year built

1972

Property size (Sq ft)

4,514 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional Sacramento office building, located at 650 Howe Ave, #700, presents a compelling investment opportunity. The 4,514 square foot property, built in 1972 and renovated in 1995, boasts a strong 7.74% cap rate and a Net Operating Income (NOI) of $77,400 annually. Currently 100% occupied since May 24, 2010, with three tenants under a gross lease structure, this single-story building offers ease of management. Tenants include a medical office, a hair salon (operating for over 14 years), and a church (with a 4-year lease and 5-year options). The asking price is $999,999, translating to $221.53 per square foot and $333,333 per unit. The property is zoned BP (Business Professional) and features a total of three units. Annual expenses include a $895 monthly HOA fee (covering exterior roof, walls, and parking, plus gas), $200 monthly for water and sewer, and $120-$150 monthly for electricity. The property's strong tenant base and consistent income stream make it an attractive investment for discerning buyers. The APN is 29400600070003. This sale is offered as a sale/leaseback.

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5768

Longitude

-121.414

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