1895 Howe Ave Sacramento, CA 95825
- Individual retail properties
- 12,928 SF
- 1.27 lot acres
Current Use by Public Records
- Individual retail properties
Property Details for 1895 Howe Ave
- Year built
- 1973
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.27 lot acres
- Property size
- 12,928 SF
- Zone code
- GC
- Property type
- Individual retail properties
- APN
- 278-0270-012-0000
- APU
- 27802700120000
Description
This exceptional investment opportunity presents a 12,844 square foot retail property located at 1895 Howe Avenue in Sacramento, California, 95825. The property, built in 1980 and extensively renovated in 2024, boasts a strong net operating income (NOI) of $184,953, yielding a 5.30% capitalization rate at an asking price of $3,500,000. The property is currently leased to CSL Plasma under a Net Net (NN) lease with a substantial 13.5 years remaining, providing long-term stability and predictable cash flow. The lease includes options, ensuring continued occupancy. The building sits on a large 55,321 square foot lot, offering ample parking. The $272.50 per square foot price reflects the property's prime location and recent, extensive renovations, including a complete ground-up rehab costing $2.8 million. This strategically located property enjoys convenient proximity to Kaiser Permanente, enhancing its appeal and potential for continued success. The property's size, strong tenant, and long-term lease make it an ideal addition to any commercial real estate portfolio. This is a rare opportunity to acquire a high-performing, well-located retail asset in a thriving Sacramento market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.416
- Latitude
- 38.5997
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
