REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,350,000
Est. payment | /mo
0.68 Acres Lot
$ 2,350,000
Est. payment | /mo
0.68 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226118238
HOA Y/N No
Year Built 1984
Lot Size 0.684 Acres
Acres 0.6841
Property Sub-Type Retail
Source MLS Metrolist
Property Description
Multi-Tenant Retail Investment: Excellent opportunity to acquire a fully occupied multi-tenant neighborhood retail center located along the established Northgate Boulevard commercial corridor in Sacramento. This approximately 9,800 SF retail property features six tenant spaces with a diverse mix of neighborhood-serving uses, including a church, three salon/service businesses, pizza restaurant, and Mediterranean restaurant. The largest tenant, a church, occupies approximately 5,000 SF, consisting of two combined spaces of approximately 3,000 SF and 2,000 SF. The remaining center consists primarily of approximately 800 SF suites, with the pizza tenant occupying approximately 1,600 SF. The property currently generates approximately $13,946 per month in total rent and additional rent collections. Based on preliminary operating expenses of approximately $3,100 per month, estimated NOI is approximately $130,155 annually, representing an indicated 5.54% cap rate at the $2,350,000 asking price. Buyers should independently verify all income, expenses, leases, and financial information. The center offers excellent visibility, convenient on-site parking, multiple storefronts, and easy access to I-80 and I-5, with convenient connections to Downtown Sacramento, Natomas, and Sacramento International Airport. The surrounding Northgate corridor includes numerous grocery, restaurant, service, and national/regional retail businesses. Offered at $2,350,000, this property presents an opportunity for investors seeking an established Sacramento infill retail asset with existing cash flow and potential future income growth through lease renewals and rental increases.
Location
State CA
County Sacramento
Area 10833
Direction Please use GPS.
Location Details Other
Interior
Heating Varies by Unit
Cooling Varies by Unit
Flooring Tile, Vinyl
Exterior
Parking Features Common Area Shared
Utilities Available Telephone
Water Access Desc Public
Roof Type Shingle
Total Parking Spaces 35
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 274-0243-006-0000
Special Listing Condition None
Listed by Grand Realty Group
Nearby Locations
GET MORE INFORMATION
John Ojo
REALTOR® DRE 01993546