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27908417
27908416

650 Howe Avenue, Sacramento, CA 95825

SS
CA CA DRE 01132016
Epic Real Estate Advisors, Inc
JS
CA CA005951`36
Listed by Epic Real Estate Advisors, Inc
$995,850
224 days on market
Updated 22 days ago

Howe Ave Office Invstmt--8.8 Cap on Actuals--Seller Fin !

Details
APN 294-0060-007-0006
Property Type Office
Sub Type Medical Office
Square Footage 9,184
Net Rentable (SqFt) 9,184
Cap Rate 8.80%
NOI $87,823
Occupancy 98.5%
Tenancy Multi
Lease Type Gross
Price per SqFt $108
Broker Co-Op Yes
Class B
Year Built 1972
Buildings 1
Stories 1
Acreage 6.530
Zoning BP
Parking Spaces 5 per 1,000 sq ft
Investment Type Stabilized
Tenant Credit No Credit Rating
Sale Condition 1031 exchange

Office | 8.80% CAP | 9,184 SqFt

Marketing description

— SELLER FINANCING IS AVAILABLE WITH ONLY 20% CASH DOWN. CALL AGENT FOR DETAILS—

  • Safety in numbers - 9 easy to lease suites.

  • Priced well below replacement cost.

  • Located along the well-known and busy Howe Avenue office and retail corridor.

  • Located next to affluent neighborhoods of Sierra Oaks, Campus Commons, Arden Oaks, Arden Park, and Sierra Oaks Vista..

  • Only 2.0 miles from Hwy 50 and 2.5 miles from Bus 80 Fwy- easy access to greater Sacramento metro area.

  • Many prominent restaurants and national retailers are within 1-2 miles of the property.

  • Large parking areas on both sides of the building.

  • Raised floor construction allows for easier tenant improvements.

Investment highlights

— SELLER FINANCING IS AVAILABLE WITH ONLY 20% CASH DOWN. CALL AGENT FOR DETAILS—

  • Safety in numbers - 9 easy to lease suites.

  • Priced well below replacement cost.

  • Located along the well-known and busy Howe Avenue office and retail corridor.

  • Located next to affluent neighborhoods of Sierra Oaks, Campus Commons, Arden Oaks, Arden Park, and Sierra Oaks Vista..

  • Only 2.0 miles from Hwy 50 and 2.5 miles from Bus 80 Fwy- easy access to greater Sacramento metro area.

  • Many prominent restaurants and national retailers are within 1-2 miles of the property.

  • Large parking areas on both sides of the building.

  • Raised floor construction allows for easier tenant improvements.

Listing Contacts

SS
CA CA DRE 01132016
Epic Real Estate Advisors, Inc
JS
CA CA005951`36
Listed by Epic Real Estate Advisors, Inc

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,823.00
$7,318.58/mo

Valuation Metrics

0
DSCR
8.82%
Cap Rate
8.82%
ROI

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Additional Information

Name
Stuart Snider
License
CA DRE 01132016
Brokerage Phone
9168135070
Brokerage Address
1851 Heritage Lane
Name
Jon Snyder
License
CA005951`36
Brokerage
Snyder Commercial Real Estate
Brokerage Phone
9162044442
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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