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Listed by Kelly Rivett • Cornish & Carey Commercial
$ 1,600,000
Est. payment /mo
Price Dropped by $200K
4331 Attawa Sacramento, CA 95822
15,125 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 15,125 sqft
Price per Sqft $105
MLS Listing ID ML82021686
Year Built 1980
Lot Size 0.560 Acres
Property Sub-Type Commercial Property
Source MLSListings, Inc.
Property Description
Price Reduced $200K-Seller Motivated! Newmark, as the exclusive advisor, is pleased to present for sale 4331 Attawa Avenue, a mixed-use office/light manufacturing building in Sacramento, California. Constructed in 1980, this metal building is comprised of roughly 15,125 SF on 2 levels, and is currently occupied by a multitude of office tenants, art studios, and a cider production facility. This property is 100% occupied with long term tenants on short term leases. The current acquisition cap rate is 6.3%. Huge rental income upside with an average lease rate at $0.91/SF. With in-place income, this buildings size and location present many adaptive re-use options within an urban neighborhood reflecting the changes of demographics and perceptions. Located on Attawa Avenue, just south of Sacramento City College and Land Park, 4331 is in close proximity to many retail amenities including, but not limited to: Crocker Village, Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalos Restaurant, Sutterville Bicycle Company, Raleys, and Land Park Ski & Sports. *4330 24th Street is also for sale and can be purchased separately or together. The buildings back up to each other and priced at $700,000
Location
State CA
County Sacramento
Zoning C-4
Interior
Heating Central Forced Air, Other
Cooling Central AC, Window / Wall Unit, Other
Exterior
Parking Features Assigned Spaces, Common Parking Area, Guest / Visitor Parking, Off-Street Parking, Parking Area
Garage Spaces 15.0
Utilities Available Master Meter
Roof Type Metal
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 018-0053-042-0000
Special Listing Condition Not Applicable
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