5802-5840 Robertson Ave Carmichael, CA 95608

Property Details for 5802-5840 Robertson Ave

Year built

1974

Lot size

1.82 lot acres

Property size

32,760 SF

Property type

Retail properties

Description

This exceptional 32,760-square-foot retail property, located at 5802-5840 Robertson Ave in Carmichael, CA (95608), presents a compelling investment opportunity. The property sits on a 1.82-acre lot and boasts 84 parking spaces. Built in 1974, this two-story building is currently 100% leased, generating a Net Operating Income (NOI) of $126,338.26. The asking price is $4,750,000, representing a price per square foot of $145. The property is zoned LC SPA (Main Street District) and features a Net Lease (NNN) structure. All leases are short-term (under 12 months), providing immediate income and significant upside potential through rent increases and lease restructuring to market rates. This presents a strong opportunity for both investors and owner-users seeking a well-maintained property with substantial rent growth potential. The property's location in the vibrant Carmichael submarket of Sacramento County offers long-term stability and strong community engagement opportunities. The current leases are below market, allowing for a projected 7.45% return on investment starting in year two. Significant cost savings are projected compared to leasing comparable space over a ten-year period, factoring in rent, NNN expenses, principal pay down, depreciation, and appreciation. The property's tax advantages include depreciation and potential property appreciation. This offering provides control, flexibility, and the potential for substantial long-term returns. The Assessor's Parcel Number (APN) is 272-0121-053.

Location Insight

City

Carmichael

County

Sacramento

State

California

Longitude

-121.329

Latitude

38.62