851 Richards BlvdSacramento, CA 95811
- Industrial properties
- 22,320 SF
Property Details for 851 Richards Blvd
- Year built
- 1946
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.40 AC
- Property size (Sq ft)
- 22,320 SF
- Zone code
- C-2-SPD
- Property type
- Industrial properties
- Property subtype
- Other warehouses
- APN
- 001-0020-013-0000
- APU
- 100200130000
Description
This exceptional 22,320-square-foot warehouse, situated on a 1.4-acre lot in Sacramento County's vibrant submarket, presents a compelling investment opportunity. Currently, 6,862 square feet is occupied by a single tenant under lease until January 31, 2030, generating approximately $20,000 in monthly revenue. The remaining 15,458 square feet is available for lease or owner-occupancy. The sturdy cinder block building features a split-level design, including a pit area, five drive-in doors (two roll-up, two outside docks), and a small private yard. The property boasts a 13' to 15' ceiling height and ample shared parking. Its strategic location, close to downtown Sacramento and easily accessible from I-60 and I-5 freeways, enhances its appeal. The property is zoned C2-SPD. Financial projections indicate a 5.98% cap rate currently, with potential for a 15% cap rate based on full occupancy and a 12.17% cap rate projected for year two. The asking price is $3,300,000. Detailed information and a brochure are available online. Shared parking is available, with club hours from 6 pm to 4 am.
Location Insight
- City
- Sacramento
- County
- Sacramento
- State
- California
- Latitude
- 38.5957
- Longitude
- -121.488
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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