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6290 88th St

19,600 SF Industrial Building Sacramento, CA 95828 £5,671,980 (£289/SF)

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Investment Highlights

±19,688 SF Industrial building built in 2007
Generous going-in Cap Rate of 8.0% with annual rent increases
Cannabis Nursery, Genetics, and Research facility fully approved by the City of Sacramento and the State of California

Significant Tenant Investment in the building
NOI of $579,945.00
Tenant is in its 6th year of occupancy with 9+ years of lease term remaining

Executive Summary

Kidder Mathews is pleased to present 6290 88th Street on behalf of the ownership as a Single Tenant NNN leased investment. The original construction was completed in 2007. The building was taken down to a shell in 2019, and the building now has a $5 Million investment in place for the Tenant Improvements and related equipment. The Tenant, Conception Nurseries, is a leader in genetic development and tissue culture micro-propagation for Cannabis. Conception does not cultivate cannabis on-site, but genetically develops and grows ‘baby’ plants or ‘clones’ that cultivators then purchase for their cultivation.

6290 88th St_OM

Property Facts

Price	£5,671,980	Number of Floors	1
Price Per SF	£289	Year Built	2007
Sale Type	Investment	Tenancy	Single
Property Type	Industrial	Parking Ratio	1/1,000 SF
Property Subtype	Warehouse	Clear Ceiling Height	20 ft
Building Class	B	Level Access Doors	5
Lot Size	1.27 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	19,600 SF

Price	£5,671,980
Price Per SF	£289
Sale Type	Investment
Property Type	Industrial
Property Subtype	Warehouse
Building Class	B
Lot Size	1.27 AC
Rentable Building Area	19,600 SF
Number of Floors	1
Year Built	2007
Tenancy	Single
Parking Ratio	1/1,000 SF
Clear Ceiling Height	20 ft
Level Access Doors	5
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.