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27838834

4331 Attawa Ave, Sacramento, CA 95822 For Sale

KR
CA 01249433
Newmark - Sacramento
Listed by Newmark - Sacramento
$1,600,000
1142 days on market
Updated 32 days ago

4331 Attawa Ave

Details
APN 018-0053-042-0000
Property Type Office, Industrial (+1)
Sub Type Creative Office, Warehouse (+1)
Square Footage 15,125
Units 17
Cap Rate 6.90%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 1
Pro-Forma Cap Rate 9.50%
Price per SqFt $105
Class C
Year Built 1980
Stories 2
Acreage 0.560
Zoning C-4 (Heavy Commercial Zone)
Parking Spaces 17 spaces
Parking per 1,000 SqFt 1.12
Investment Type Stabilized

Freestanding Multi-Tenant Flex Building For Sale

Marketing description

Newmark, as the exclusive advisor, is pleased to present for sale 4331 Attawa Avenue, a mixed-use office/light manufacturing building in Sacramento, California.

Constructed in 1980, this metal building is comprised of roughly 15,125 SF on 2 levels, and is currently occupied by a multitude of office tenants, art studios, and

a cider production facility. This property is 100% occupied with long term tenants on short term leases. The current acquisition cap rate is 6.9%. Huge rental

income upside with an average lease rate at $0.91/SF. With in-place income, this building’s size and location present many adaptive re-use options within an urban

neighborhood reflecting the changes of demographics and perceptions.

Located on Attawa Avenue, just south of Sacramento City College and Land Park, 4331 is in close proximity to many retail amenities including, but not limited to:

Crocker Village, Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalo’s Restaurant, Sutterville Bicycle Company, Raley’s, and Land

Park Ski & Sports.

*4330 24th Street is also for sale and can be purchased separately or together. The buildings back up to each other and priced at $600,000.


Investment highlights

  • A user/investor opportunity

  • A unique mixed-use flex building

  • Close to sac city college/land park

  • High walkability (79)

  • $1,600,000 ($105/sf)

  • Long term tenants-short term leases

  • Average Lease Rate: $.91/sf

  • C-4 Zoning

Listing Contacts

KR
CA 01249433
Newmark - Sacramento
Listed by Newmark - Sacramento

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