2nd & I Street
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2nd & I Street
2 Retail Properties Offered at $2,295,000 in Sacramento, CA
Investment Highlights
- NNN Investment with Mature Tenants
- Significant Potential for Upside
- Tourist Destination with 5 million visitors annually
Executive Summary
CBRE, as exclusive advisor, is pleased to offer for sale 2nd & I Street in Sacramento, CA. The two mixed-used buildings are approximately 7,400 square feet and 6,200 square feet respectively (totaling ±13,600 square feet). The Properties, situated on two legal parcels for a combined 0.17 acres, are located on the southwest corner of 2nd Street & I Street in historic, Old Sacramento. 2nd & I Street are 79% occupied by seven tenants, including Candyland, Dipped N Color, and Slice of Old Sacramento Pizza. The Old Sacramento Waterfront is a unique 28-acre National Historic Landmark District and State Historic Park that lives in homage to California’s beginning with the Gold Rush of 1849. The district is located along the beautiful Sacramento River and is separated from downtown Sacramento by Interstate 5 (±198,674 ADT). Bustling with activity, it is alive with shopping, dining, entertainment, historical attractions, and world-renowned museums set within the time of the California Gold Rush and the Transcontinental Railroad.
Property Facts
| Price | $2,295,000 | Number of Properties | 2 |
| Price / SF | $126.86 / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 18,091 SF |
| Sale Type | Investment NNN | Total Land Area | 0.33 AC |
| Status | Active |
| Price | $2,295,000 |
| Price / SF | $126.86 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,091 SF |
| Total Land Area | 0.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 122 I St, Sacramento, CA 95814 | Retail | 9,091 SF | 1977 | - |
|
Pioneer Square
900-906 2nd St, Sacramento, CA 95814 |
Retail | 9,000 SF | - | - |
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