Listed by JLL - Sacramento, California
$3,050,000
North Lincoln Commerce Center
Details
Property Type Office, Retail
Sub Type Storefront
Square Footage 16,575
Occupancy 77%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 8.19%
Pro-Forma NOI $249,936
Price per SqFt $184
Broker Co-Op Yes
Class B
Year Built 2006
Buildings 3
Stories 1
Acreage 1.340
Zoning CMX
Investment Type Net Lease
Sale Condition 1031 exchange
1031 Exchange Opportunity with Value-Add Component
Marketing description
JLL is pleased to present 1660, 1670, & 1690 N Lincoln Street, comprising three of the six buildings within the North Lincoln Commerce Center project. This value-add investment opportunity boasts a 77% occupancy rate, offering significant upside potential through additional lease-up and renewals. The property presents a secure NNN leased investment, providing investors with a stable income stream and growth prospects in a prime location.
Investment highlights
77% Leased
3 Buildings
3 APN’s
Freeway Visible (134,000 Cars Per Day)
Balance of 6-Building Project is 100% Occupied
Listing Contacts
Listed by JLL - Sacramento, California
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