851 Richards Blvd
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851 Richards Blvd
22,320 SF 100% Leased Industrial Building Sacramento, CA 95811 £2,607,033 (£117/SF) 5.98% Net Initial Yield
Investment Highlights
- Only 30% leased with income of $20,000 a month. 70% to lease for owner user or investor.
Executive Summary
5.98% cap rate Only 30% of the 22,320 SF is occupied, with over $20K in revenue, leaving 70% to lease or owner-user. Pro forma at 15% cap rate. 12.17% cap rate year two.
The 22,320 SF property sits on 1.4 acres with plenty of shared parking and a small private yard for the 15,458 SF vacant unit. The vacant property features barbed wire fencing, a sturdy cinder block building, a split-level warehouse with a pit area, and two rollup doors (drive-in). It has enclosed drive-in docks inside the building. There is a small private yard on the west side of the building where the property features two drive-up docks. There is also ample shared common area parking behind the building, and the club hours are 6 pm to 4 am, so the common area parking lot is shared in passing. This vacant unit has approximately 3,000 SF of office space: fantastic location, space, and growth potential. Invest confidently and unlock the financial rewards of owning a prime industrial property as an owner user or investor. Check out brochure
The 22,320 SF property sits on 1.4 acres with plenty of shared parking and a small private yard for the 15,458 SF vacant unit. The vacant property features barbed wire fencing, a sturdy cinder block building, a split-level warehouse with a pit area, and two rollup doors (drive-in). It has enclosed drive-in docks inside the building. There is a small private yard on the west side of the building where the property features two drive-up docks. There is also ample shared common area parking behind the building, and the club hours are 6 pm to 4 am, so the common area parking lot is shared in passing. This vacant unit has approximately 3,000 SF of office space: fantastic location, space, and growth potential. Invest confidently and unlock the financial rewards of owning a prime industrial property as an owner user or investor. Check out brochure
Property Facts
| Price | £2,607,033 | Rentable Building Area | 22,320 SF |
| Price Per SF | £117 | Number of Floors | 1 |
| Sale Type | Investment | Year Built | 1946 |
| Net Initial Yield | 5.98% | Parking Ratio | 2.28/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18 ft |
| Property Subtype | Warehouse | Level Access Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.77 AC |
| Price | £2,607,033 |
| Price Per SF | £117 |
| Sale Type | Investment |
| Net Initial Yield | 5.98% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.77 AC |
| Rentable Building Area | 22,320 SF |
| Number of Floors | 1 |
| Year Built | 1946 |
| Parking Ratio | 2.28/1,000 SF |
| Clear Ceiling Height | 18 ft |
| Level Access Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Bus Route
- Fenced Lot
- Public Transport
- Security System
- Signage
- Roof Lights
- Yard
- Air Conditioning
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Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £778,289 | |
| Land Assessment | £913,642 | Total Assessment | £1,691,931 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£913,642
Improvements Assessment
£778,289
Total Assessment
£1,691,931
zoning
| Zoning Code | C2-SP, City of Sacramento (C2-SPD) |
| C2-SP, City of Sacramento (C2-SPD) |
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851 Richards Blvd
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