For Sale
$4,500,000

5345 Madison AveSacramento, CA 95841

High-yield office building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-story, Class B office building situated on a 1.85-acre lot at 5345 Madison Ave, Sacramento, CA 95841. The property boasts 25,105 rentable square feet, currently 40% occupied, and offers a compelling 6.93% cap rate with a $312,000 NOI. Built in 1989 and renovated in 2016, the building features a multi-tenant design, providing flexibility for diverse tenants. Its strategic location on Madison Avenue, a major commercial corridor with approximately 55,000 cars daily, and its proximity (1.2 miles) to Interstate 80, ensures high visibility and accessibility. The property includes separate meters for easy multi-tenant management and a gated parking lot for enhanced security. The asking price is $4,500,000, translating to $179.25 per square foot. The property is zoned BP and features a convenient single-story design. This is an excellent opportunity for investors seeking a strong return in a thriving Sacramento market. The property's 2016 renovation ensures modern amenities and functionality. The building's multi-tenant layout offers diverse income streams and potential for future lease growth. The substantial lot size provides ample space for expansion or future development. This property offers a rare combination of location, income, and potential for appreciation.

Highlights

  • $4,500,000 asking price for a 25,105 square foot office building.
  • Class B, single-story office building on a 1.85-acre lot in Sacramento, CA.
  • 6.93% cap rate with a $312,000 NOI.
  • 40% occupancy.
  • Built in 1989, renovated in 2016.

Property Details for 5345 Madison Ave

Property type
Office properties
Square Feet
25,105 SF
Class
B
Year Built/Renovated
1989/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
80,586 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.661224079758
Longitude
-121.33980788746
5345 Madison Ave, Sacramento, California

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5345 Madison Ave
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