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    6290 88Th St Sacramento, CA 95828

    For Sale
    $7,249,000

    19,688 SF NNN-Leased R&D Building, 9+ Years Remaining

    Property size:
    19,688 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 19,688 square foot, single-tenant, net-leased industrial R&D building located at 6290 88th Street in Sacramento, CA 95828. The property, built in 2007 and significantly renovated in 2019 and 2020 (with $5 million in tenant improvements), boasts 18-20 foot ceilings and sits on a 1.25-acre lot within the Oates Industrial Compound. Currently occupied by a cannabis nursery, genetics, and research facility, the tenant holds a fully approved permit from the City of Sacramento and the State of California. The lease features a remaining term of over nine years with built-in rent bumps, ensuring a stable and predictable income stream. The property offers a strong 8.00% cap rate and a net operating income (NOI) of $579,945. This stabilized investment presents a compelling opportunity to capitalize on the robust Sacramento industrial market, characterized by historically low vacancy rates and the long-term value of industrial real estate. The property's location at the entrance of the Oates Industrial Compound provides excellent visibility and accessibility. This is a rare opportunity to acquire a high-quality, net-leased industrial property with a long-term, creditworthy tenant and significant upside potential. The property's APN is 062-0160-010.

    Property Features for 6290 88Th St

    General Information

    Property type
    Life science properties
    Square Feet
    19,688 SF
    Lot Size
    54,450 SF

    Building Details

    Year Built/Renovated
    2007/2019
    Buildings
    1

    HighLights

    • 8% cap rate with annual rent increases.
    • $579,945 NOI.
    • 19,688 SF single‑tenant, net‑leased industrial R&D building.
    • Located at 6290 88th Street, Sacramento, CA 95828.
    • Built in 2007, significantly renovated in 2019 & 2020 ($5M in tenant improvements).
    • 1.25‑acre lot in Oates Industrial Compound.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CSS Fabrication Metal Fabricator Tree Service Pro ... Tree Service

    Suggested Use

    Restaurant Spa & Massage Clothing Store Auto Parts Store Food Market Department Store Grocery Store Wholesale Shop Building Supply Electronics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.37234297412
    Latitude
    38.513401306228

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    FAQs

    What type of property is this?
    Life science property - 19,688 SF NNN-Leased R&D Building, 9+ Years Remaining
    Where is this life science property located?
    The property is located at 6290 88Th St Sacramento, CA.
    What is the asking price?
    The asking price for this property is $7,249,000.
    What are key features of this property?
    This property features: 8% cap rate with annual rent increases.; $579,945 NOI.; 19,688 SF single-tenant, net-leased industrial R&D building.
    Request Owner's contact information
    6290 88Th St Sacramento, CA 95828
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    Sacramento, CA 95828
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6290 88Th St Sacramento, CA 95828
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