7400 Folsom Boulevard, Sacramento, CA 95826 For Sale

Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 7400 Folsom Boulevard, a prime infill multifamily development site located in Sacramento, California. Located within a ¼ mile from California State University, Sacramento (CSUS), this opportunity is ideal for any investor/ developer looking to build and capitalize on the ever-growing CSUS ( currently 31,000 students), and overall demand for student/affordable/market rate housing. This level 1.6-acre parcel is visible from eastbound U.S. Highway 50 and strategically located in Sacramento’s most dynamic submarkets for residential growth along the highly transit-rich Folsom Blvd corridor.

Currently, this property is leased by Brightview Landscape Services, Inc., one of the leading commercial landscape companies in the United States. Brightview is in the 4th year of a 5-year extension term, expiring in August 2027 and paying $12,823/Mo NNN. With 2 years remaining in this lease and income in place, this opportunity allows the developer ample time to secure their necessary approvals, entitlements, financing, etc.

BrightView Landscape Services Inc. is one the nation’s largest commercial landscaping company, offering landscape maintenance, development, design, and enhancements, including services like tree care, water management, and sports turf services. Formed in 2014 by a merger of Brickman Group and ValleyCrest Landscape Companies, BrightView serves diverse clients such as corporate properties, HOAs, healthcare facilities, and educational institutions across the United States. Brightview Landscape Services Inc. is a publicly traded company under Brightview Holdings, Inc. (BV).