1919 19th Street
1919 19th Street, Sacramento, CA 95811
Marketing description
Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to purchase 100% fee simple interest in 1919 19th Street. The Property is being offered at $5,100,000. Buyers are encouraged to contact Turton Commercial Real Estate to discuss underwriting and potential use.
Exposed steel beams, wood tresses and metal HVAC ducting beneath soaring 30 foot saw tooth ceilings compliment the clean raw exposed brick walls and multi-paned windows that maintain all of the authentic manufacturing architecture of the 1940's. Located in the heart of one of the most robust urban redevelopment markets in the Country, the 25,600 foot site consists is within two blocks of practically everything including a grocery store, Sacramento's best retail, watering holes and restaurants, coffee, public transportation and the area's newest urban housing.
Investment highlights
- 18,650 SF Building
- 34 Parking Spaces
- ±5,000 SF of Mezzanine Space
- $5.1M Asking Price
- AAA location next to Midtown's R Street corridor
- Soaring 30 foot saw tooth ceilings
- Exposed steel beams, wood tresses and metal HVAC ducting
- Clean raw exposed brick walls and multi-paned windows
- Authentic manufacturing architecture of the 1940's
- 25,600 SF site within two blocks of practically everything
- Current tenant Rhombus Solutions pays $2.05/SF plus electricity, gas, and janitorial service
- Tenant also pays $2,100/month for 28 on-site parking stalls
- Existing lease expires July 31, 2024 with 5-year option to extend at 95% FMV
- Market rent: $2.75/SF/month fully serviced or $2.00/SF NNN
- SMUD 600 AMP Panel
- Phase I Environmental Report completed
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