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2022-2030 Del Paso Blvd
Sacramento, CA 95815

The Marcus Bldg · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Located in Opportunity Zone
  • Value add with vacant 2nd floor office
  • Part of the Uptown Arts & Entertainment District
  • 56% leased to state of the art laundromat
  • Onsite parking plus close to light rail and bus lines
  • National retailers and restaurants nearby

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,850 SF
Building Class
C
Year Built
1947
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.23
Lot Size
0.15 AC
Zoning
C-2-SP - General Commercial
Parking
12 Spaces (1.38 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Corner Lot
  • Air Conditioning

ABOUT 2022-2030 DEL PASO BLVD , SACRAMENTO, CA 95815

Opportunity to acquire a +/- 7,850 sf two-story retail/office building in the Uptown Arts & Entertainment District along the Del Paso Blvd corridor near Downtown Sacramento. The 1st floor space, comprising +/- 4,392 sf, is NNN leased for 10 years (through 9/3/2028) to a state-of-the art laundromat (Super Wash n Dry), which opened in 2018. The lease rate increases 2.0% annually, including during three 5-year renewal option periods. The property is zoned C-2 (General Commercial) and is positioned along a bus line and near light rail with national retailers close by, including Walgreens, McDonald’s, Carl’s Jr., and Popeyes Louisiana Kitchen. Parking is available (12 spaces) on the adjacent lot through a long-term agreement that runs co-terminus with the laundromat lease. The $950,000 sale price reflects a 7.0% cap rate on 1st floor income plus $46 psf for the vacant 2nd floor, which is fully built-out for office and ready for occupancy. The +/- 3,458 sf upstairs space offers an open floor plan, multiple private offices, large conference room and kitchen. Asking lease rate is $0.95 psf (Modified Gross).

PROPERTY TAXES

  • Listing ID: 18035267

  • Date on Market: 12/24/2019

  • Last Updated:

  • Address: 2022-2030 Del Paso Blvd, Sacramento, CA 95815