For Sale
$300,000,000

2650 El Centro RdSacramento, CA 95833

Prime Sacramento land, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 40.39-acre, Class A mixed-use development site in Sacramento, CA, at 2650 El Centro Rd, 95833. Zoned MU-40, this entitled land offers a compelling blend of commercial and retail space, totaling 1,925,600 net rentable square feet. The asking price is $300,000,000, representing a price per square foot of $19.98 and a price per acre of $875,000. The property boasts a 5.11% cap rate and a projected NOI of $17.91 million. This owner-user investment features a 12-year gross lease with credit-rated tenants across multiple tenancies. The site includes 1,814 parking spaces and is situated within a master-planned community, benefiting from a mile-long canal offering recreational opportunities. Its proximity to downtown Sacramento (5 miles, 10 minutes) and its sustainable design elements, including a net-zero electricity goal and urban farm green belt, further enhance its appeal. This is a rare opportunity to acquire a large-scale, high-return development in a thriving Sacramento location. The property is held in trust and is for sale by owner. APN: 225-0210-008-0000.

Highlights

  • Class A mixed-use development in a no-fly zone.
  • Urban infill project with net-zero electricity consumption.
  • Public development with sponsored entitlements in a master-planned community.
  • 13.6% projected cash-on-cash return.
  • Mile-long canal with entertainment features.
  • Sustainable and economically beneficial development; rare Sacramento opportunity.

Property Details for 2650 El Centro Rd

Property type
Retail properties, Land
Square Feet
1,759,388 SF
Class
A
Lot Size (sq. ft)
1,759,388 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.61444041
Longitude
-121.54563055
2650 El Centro Rd, Sacramento, California

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2650 El Centro Rd
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