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27425240
27425250

2407 J St, Sacramento, CA 95816

KT
CA 01219637
Turton Commercial Real Estate
DK
CA 02063469
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate
$6,000,000
238 days on market
Updated 25 days ago

2407 J & 2408 I Street

Details
APN 007-0032-022-0000 ,007-0032-007-0000
Property Type Office
Sub Type Executive Office
Cap Rate 3.15%
NOI $189,000
Lease Type NNN
Pro-Forma Cap Rate 8.27%
Pro-Forma NOI $496,000
Price per SqFt $279
Year Built 1961
Year Renovated 2014;2024
Lot Size (SqFt) 6,400
Zoning C-2-SPD , R-3A-SPD

Office | 3.15% CAP

Marketing description

Turton Commercial Real Estate is pleased to offer 2407 J Street and 2408 I Street for sale or lease. 2407 J Street is a partially leased, three-story, 21,538 square foot (“SF”) mid-century modern building constructed of concrete, and glass. 2408 I Street is 6,400 SF land parcel zoned R3 and entitled for up to 30 residential units. The offering also includes 2408 I Street, a 6,400 square foot parcel of land that extends from I Street to the alley, and is currently paved for parking up to 11 regular-sized vehicles. This is an excellent added layer of parking to an already well-parked building. Additionally, this land could be a prime candidate for development of up to 36 units* in the future, considering the great location, and full-length lot. To discuss 2407 J Street and 2408 I Street in more detail please contact Ken Turton and/or David Khedry.

Subject to City and Government approvals

Investment highlights

  • Utility Details: Electricity: SMUD
  • Gas: PG&E
  • Water/Sewer/Trash: City of Sacramento
  • Storm Drain: City of Sacramento
  • Reimbursements: Tenant's reimburse landlord for some CAM usage
  • Standalone building with surface and underground parking

Listing Contacts

KT
CA 01219637
Turton Commercial Real Estate
DK
CA 02063469
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$189,000.00
$15,750.00/mo

Valuation Metrics

0
DSCR
3.15%
Cap Rate
3.15%
ROI

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