6290 88Th St Sacramento, CA 95828
- Distribution centers
- 19,688 SF
- 1.27 lot acres
Current Use by Public Records
- CSS Fabrication / Metal Fabricator
- Tree Service Pro Sacramento / Tree Service
Property Details for 6290 88Th St
- Year built
- 2007
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.27 lot acres
- Property size
- 19,688 SF
- Zone code
- M-2S
- Property type
- Distribution centers
- APN
- 062-0160-010-0000
- APU
- 6201600100000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,040,000
- 6.5%
- $4,600,000
- 7%
- $4,510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,460,000
- Geo Method
- $4,620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,315,000
- Retail
- $4,780,000
- Mixed-Use
- $4,260,000
- Hospitality
- $4,545,000
- Educational
- $5,030,000
- Residential Income
- $4,125,000
- Energy
- $4,615,000
- Income-Based Land
- $5,445,000
- Food Service
- $4,325,000
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.372
- Latitude
- 38.5129
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
