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33465977
33465989

2398 FAIR OAKS BLVD, SACRAMENTO, CA 95825-4739

KS
CA 02033637
HomeSmart ICARE Realty
HomeSmart ICARE Realty
Listed by HomeSmart ICARE Realty
$2,500,000
2 days on market
Updated 2 days ago

2398 FAIR OAKS BLVD SACRAMENTO CA 95825-4739

Details
APN 29401400230000
Property Type Office
Square Footage 7,874
Net Rentable (SqFt) 7,874
Units 9
Cap Rate 3.79%
NOI $94,645
Occupancy 61%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 5.23%
Pro-Forma NOI $130,646
Price per SqFt $318
Class B
Year Built 1965
Stories 2
Lot Size (SqFt) 11,143
Zoning BP
Parking Spaces spaces
Investment Type Value Add
Tenant Credit No Credit Rating

Fair Oaks Blvd Office Investment | 7874 SF Sacramento Multi-Tenant Building with Professional Suites

Marketing description

2398 Fair Oaks Blvd at 2398 Fair Oaks Boulevard, Sacramento, CA 95825 presents a compelling owner/user and investment opportunity along one of Sacramento’s most established commercial corridors. This well-located two-story, Class B office building totals approximately 7,874 SF on an 11,143 SF parcel and features 9 suites with 20 on-site parking spaces. Positioned near Fulton Avenue in the Arden Arcade area, the property offers excellent visibility on Fair Oaks Boulevard with convenient access to Howe Avenue, Alta Arden Expressway, and a strong mix of nearby retail, dining, banking, and medical amenities. The flexible layout and business professional setting make it ideal for office, medical, and service-oriented users. The property is currently approximately 67% occupied, providing immediate in-place income with upside through lease-up of the remaining vacant suites. Existing tenancy includes dental, real estate, housing services, and salon users, creating diversified occupancy and stable cash flow potential. With its strategic infill location, established operating history, and value-add leasing opportunity, 2398 Fair Oaks Blvd is an attractive chance to acquire a multi-tenant office asset in the heart of Sacramento.

Investment highlights

Multi-Tenant Income Opportunity

Two-story multi-tenant office building with 9 suites and a diversified tenant mix, including dental, real estate, housing services, and salon users.

Owner-User or Investor Advantage

Ideal for an owner-user seeking to occupy available space while benefiting from existing rental income, or for an investor looking for a value-add office asset.

In-Place Income with Lease-Up Upside

The property is approximately 67% occupied, with vacant suites providing upside potential through lease-up and increased rental income.

Established Fair Oaks Boulevard Location

Located along the established Fair Oaks Boulevard commercial corridor near Fulton Avenue in Sacramento’s Arden Arcade area, offering strong visibility and convenient access to Howe Avenue and Alta Arden Expressway.

Strong Tenant Appeal

The location is well-suited for office, medical, professional service, and service-based tenants, with nearby retail centers, restaurants, banking, medical services, and professional office users.

Value-Add Potential

Vacant suites offer an opportunity to increase occupancy, improve cash flow, and enhance long-term property value through active leasing and management.

On-Site Parking Benefit

The property offers on-site surface parking, providing convenience for tenants, clients, and visitors.

Established Asset with Operating History

Built in 1965, the property has an established commercial presence and operating history in a mature Sacramento infill location.

Professional Office Environment

Flexible suite layout and professional setting support a wide range of office, medical, and service-oriented users.

Listing Contacts

KS
CA 02033637
HomeSmart ICARE Realty
HomeSmart ICARE Realty
Listed by HomeSmart ICARE Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,645.00
$7,887.08/mo

Valuation Metrics

0
DSCR
3.79%
Cap Rate
3.79%
ROI

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Additional Information

Name
Kamlesh Singh
License
02033637
Brokerage
HomeSmart ICare Realty
Brokerage Phone
9164700680
Title
Realtor
Brokerage Address
9355 East Stockton Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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