*Midtown* 100% Leased Mixed Use Building
Retail | 7.01% CAP | 12,640 SqFt
Marketing description
Recent price reduction on a true 7.28% cap rate investment in the heart of Midtown Sacramento. 1931 J Street is a fully occupied, two-story 12,640 SF historic mixed-use investment property positioned on the high-visibility hard corner of 20th & J Streets in the heart of Midtown Sacramento’s premier walkable corridor. Anchored by popular ground-floor retailer Big Brother Comics (5,286 SF), the building is 100% leased to a stable mix of 13 retail and creative office tenants on full-service gross leases, generating $271,752 in annual gross income at significantly below-market rents. Ideally located directly across from the Midtown Farmers Market and surrounded by Sacramento’s top restaurants, bars, and entertainment venues, this irreplaceable asset offers investors immediate cash flow with substantial upside in one of Northern California’s strongest and most vibrant submarkets.
Investment highlights
- Tenants pay below-market rents without NNN reimbursements, creating value-add opportunity
- Located on the intersection of 20th and J street in Midtown Sacramento, which is considered to beone of the best locations in all of Sacramento
- Exceptional visibility, vehicle traffic and foot traffic in dynamic arts & entertainment district.
- Midtown farmers market is located in front of the building, which occurs every Saturday morning(rain or shine) and is the third largest farmers market in the country
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