800 Howe Ave Sacramento, CA 95825

Property Details for 800 Howe Ave

Year built

1977

Construction

WOOD

Lot size

2.66 lot acres

Property size

25,920 SF

Zone code

BP

Property type

Office buildings

APN

294-0010-012-0000

APU

29400100120000

Description

This exceptional investment opportunity presents a single-story, 26,564 square foot, multi-tenant office building located at 800 Howe Avenue in Sacramento, CA. The property, built in 1977, sits on a 2.66-acre lot and features a classic brick design with a spacious courtyard. Currently 100% occupied with a gross lease structure, the building boasts a stabilized investment profile with a 7.00% cap rate and a pro-forma NOI of $295,421. The weighted average lease term exceeds 5 years, and the average tenant tenure is over 15 years, demonstrating exceptional tenant retention. The property benefits from its prime location in the Campus Commons/Howe Avenue submarket, offering convenient access to Highways 50 and 80, ample parking, and proximity to major healthcare providers, public transit, and numerous amenities. This highly desirable area, near California State University, Sacramento, has proven resilient even during economic downturns. The asking price is $4,220,300, translating to $158.87 per square foot. This well-maintained asset represents a strong, stable investment opportunity in a thriving Sacramento submarket. The property's excellent location, strong tenant base, and impressive financial performance make it an attractive proposition for discerning investors.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.415

Latitude

38.5811

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments