1905 Aviation Blvd Lincoln, CA 95648-9557
- Warehouses
- 23,617 SF
- 1.50 lot acres
Current Use by Public Records
- Superior Equipment Repair, Inc. / Truck Repair Shop / Diesel Engine Repair Service
Property Details for 1905 Aviation Blvd
- Year built
- 1985
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.50 lot acres
- Property size
- 23,617 SF
- Zone code
- LI
- Property type
- Warehouses
- APN
- 021-562-005-000
- APU
- 21562005000
Description
This exceptional investment opportunity presents a 23,650-square-foot Class B warehouse in Lincoln, California, currently operating at 100% occupancy under a Net Lease agreement. Located at 1905 Aviation Blvd, this single-tenant property boasts a strong 6.65% cap rate and a substantial net operating income (NOI) of $372,000, with an asking price of $5,590,000 ($236.36/sq ft). Built in 1985, the one-story building features four loading docks and sits on a 1.5-acre lot with an adjacent 1.5-acre parcel. The current tenant is interested in a long-term leaseback, providing future owners with financial stability. Planned improvements include roof replacement, additional grade-level doors, and site enhancements to the adjacent parcel (grading, fencing, and gravel). Further enhancing the investment potential, the property includes a revenue-generating cell tower. The property's prime location across from the Lincoln Airport and its potential for future expansion make this a compelling acquisition. APN: 021-562-005, 021-562-007. Rent bumps are included in the lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,215,000
- 6.5%
- $3,335,000
- 7%
- $2,905,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,760,000
- Geo Method
- $3,370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,925,000
- Retail
- $2,965,000
- Mixed-Use
- $3,440,000
- Hospitality
- $3,305,000
- Educational
- $3,120,000
- Residential Income
- $2,980,000
- Energy
- $3,560,000
- Income-Based Land
- $2,535,000
- Food Service
- $2,840,000
Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Placer
- State
- California
- Longitude
- -121.338
- Latitude
- 38.9096
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA