2621 Alta Arden ExpySacramento, CA 95825

Alta Arden Center, located in Sacramento, California, presents a compelling value-add opportunity in the thriving Arden-Arcade retail market. This two-building shopping center, totaling approximately 34,685 square feet, sits on a 2.26-acre lot at the northeast corner of Alta Arden Expressway and Fulton Avenue, boasting high daily traffic counts. The property features a mix of five tenants, including Easter Seals, Zinat Carpets & Clothing, Aryan Snooker & Billiards, Liaison Lounge, and Kaylo's BBQ, with current occupancy at 75%. Building one comprises roughly 14,005 square feet, while building two, a multi-story structure, offers approximately 20,680 square feet. The property includes 98 parking spaces and benefits from its proximity to a large Federal building and Kaiser Permanente, ensuring significant daytime foot traffic. Currently priced at $3,710,000 ($106.96 per square foot), the property offers a 7.25% current cap rate and a projected 9.08% pro-forma cap rate upon reaching 89% occupancy. Built in 1978, the property is zoned Fulton Av SPA/CMY-C Overlay and offers lease options. This investment presents a strong opportunity for increased returns through lease-up of vacant spaces. The property's location within a robust retail area, alongside established national tenants, further enhances its potential for growth and profitability. The property consists of two buildings, each two stories high. The asking price is $3,710,000, with a current NOI of $268,850 and a pro-forma NOI of $336,849.