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33176092
33176094

520-530 9th Street, Sacramento, CA 95814 For Sale

SR
CA 02092283
Turton Commercial Real Estate
SK
01485640, CA
Turton Commercial Real Estate
JL
CA 01934934, CA 01934394
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate
$6,150,000
53 days on market
Updated 14 days ago

520 - 530 9th Street

Details
APN 002-0104-011
Property Type Multifamily, Office
Sub Type Traditional Office, Apartment Building
Square Footage 20,012
Net Rentable (SqFt) 20,012
Units 5
NOI $282,443
Tenancy Multi
Brand/Tenant California Black Health Network, Inc. (+3)
Lease Type Gross
Price per SqFt $307
Year Built 1945
Buildings 1
Stories 2
Lot Size (SqFt) 18,444
Zoning RO-SPD
Parking Spaces 32 spaces
Parking per 1,000 SqFt 1.60
Investment Type Owner/User

520-530 9th Street, Sacramento, CA 95814

Marketing description

520 – 530 9th Street offers a rare ownership opportunity in the heart of Downtown Sacramento's Central Business District, a two-story creative-office building distinguished by a central lightwell, generous skylights, and uninterrupted window lines that flood the interior with natural light. The Property comprises of 20,012 RSF: 17,412 SF of office space, 5 residential units, and 32 covered parking stalls, a parking ratio almost unheard of for a Downtown asset of this caliber. In addition, the office and residential components each has its own private and separate entrances.

Within the office program, 12,185 contiguous SF is currently available for an incoming owner-user, providing a move-in-ready headquarters footprint while the balance of the building remains income-producing through in-place office, residential, and parking tenants.

The ideal purchaser is an association, nonprofit, professional services group, education-related organization, labor group, public affairs organization, or regional business seeking a long-term Downtown headquarters.

Investment highlights

  • Rare office and residential opportunity in the heart of Downtown Sacramento's Central Business District with abundant parking.
  • Two-story creative-office building with central lightwell, generous skylights, and uninterrupted window lines
  • 20,012 RSF total: 17,412 SF office space, 5 residential units, and 32 covered parking stalls
  • 12,185 contiguous SF available for incoming owner-user
  • Office and residential components each have private and separate entrances
  • Ideal for association, nonprofit, professional services group, education-related organization, labor group, public affairs organization, or regional business

Listing Contacts

SR
CA 02092283
Turton Commercial Real Estate
SK
01485640, CA
Turton Commercial Real Estate
JL
CA 01934934, CA 01934394
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$282,442.97
$23,536.91/mo

Valuation Metrics

0
DSCR
4.59%
Cap Rate
4.59%
ROI

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Additional Information

Name
Shilo Rochelle
License
02092283
Brokerage
Turton
Brokerage Phone
9167698005
Title
Senior Director
Brokerage Address
2131 Capitol Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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