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2523 J Street

Sacramento, CA 95816
  • $1,400,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 223040129
UPDATED: 74 min ago
$1,400,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,479
    SQFT
  • $256
    $/SQFT
Type:
Commercial
Built:
1962
County:

School Ratings & Info

Description

2523 J Street is located in the most popular submarket in the Sacramento region. The Mid-Century Modern building is approximately 5,479 SF and boasts contemporary finishes with a touch of modern character to produce an attractive office and retail environment. Originally built in 1962, the Property has been renovated and modernized and has seven (7) small efficient commercial suites with shared patio space for occupiers' enjoyment. The Property feature seven (7) covered and secured parking stalls. The Property is 100% leased with a strong mix of retail and office tenants who have invested several capital improvements to their suites. Current tenancy includes REALM Tattoo, PLB Skin Therapy, AIM Consulting, and an owner-occupied unit, which combined generates an annual gross income of $121,740. After expenses, net operating income is projected to be $86,772, indicative of a 6.2% capitalization rate on the purchase price.

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Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-05-31T15:39:01.227. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.themacdonaldgroup.com/homes/139329582
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2523 J Street Sacramento, CA 95816

  • Price: $1,400,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 74 min ago
  • MLS #: 223040129
0
Beds
0
Baths
0
½ Baths
0.1
Acres
5,479
SQFT
$256
$/SQFT
1962
Built
Neighborhood:
Sacramento Downtown/Midtown
County:
Sacramento
Area:
Sacramento Downtown/Midtown
Property Description
2523 J Street is located in the most popular submarket in the Sacramento region. The Mid-Century Modern building is approximately 5,479 SF and boasts contemporary finishes with a touch of modern character to produce an attractive office and retail environment. Originally built in 1962, the Property has been renovated and modernized and has seven (7) small efficient commercial suites with shared patio space for occupiers' enjoyment. The Property feature seven (7) covered and secured parking stalls. The Property is 100% leased with a strong mix of retail and office tenants who have invested several capital improvements to their suites. Current tenancy includes REALM Tattoo, PLB Skin Therapy, AIM Consulting, and an owner-occupied unit, which combined generates an annual gross income of $121,740. After expenses, net operating income is projected to be $86,772, indicative of a 6.2% capitalization rate on the purchase price.
Exterior Features

Construction Materials ConcreteStuccoWood Dock Doors 0 Foundation Concrete Loading None Num Of Floors 0 Parking Features CoveredSecuredElectric GateFenced Roof Flat Total Parking Spaces 0.00

Interior Features

Cooling Varies By Unit Flooring Varies By Unit Heating Varies By UnitSee Remarks Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features Multiple Tenant BuildingPatioRestroom(S)-PrivateRestroom(S)-PublicSkylight(S)Varies By Unit Business Type Commercial Current Use RetailVaries By UnitOffice Electric Separate Electric Meter Income Includes Rent Lease Deposit 0 Location DowntownFreeway NearbyRestaurant NearbyHospital NearbyShopping NearbyHotel/Motel Nearby Num Of Offices 0 Num Of Tenants 0 Property Subtype Mixed Use Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions None Tenant Pays ElectricityGasJanitorial ServicesMaintenance Utilities Separate Gas MeterSeparate Water Meter Water Source Public Year Renovated 0 Zoning C-2-Spd

Metrolist MLS logo Listing provided courtesy of Ken Turton, Broker: . Listing information © 2023 MetroList Services, Inc.


Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-05-31T15:39:01.227. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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The MacDonald Group at PMZ Real Estate
1200 E. Orangeburg Ave Suite #202
Modesto CA, 95350