Turton Commercial Real Estate, on behalf of Sutter County, is pleased to offer to market 3098 Acacia Avenue, Sutter, CA 95982 (the “Property”) a .81 acre land parcel zoned P - SB for a price of $106,000.
The Property is located in the town of Sutter, an unincorporated community 6 miles west of Yuba City. The Property is attractively situated near Butter House Road and Highway 20. The surrounding properties are predominantly agriculture and single-family residential.
The Property was formerly used as sign maintenance shop and provides an owner-user with a wonderful opportunity to own a small industrial property in a steadily growing sector.
The highest and best use for suburban property is industrial, such as e-commerce, logistics, shipping, distribution, warehousing, and self-storage, based on the Property’s proximity to other industrial projects, and strong fundamentals of the rental market. Overall, the industrial market in Northern California is one of the most robust segments of the commercial real estate industry, with very strong fundamentals in terms of tenant and buyer demand, leasing activity, absorption and disposition.
The most likely opportunity for development on the Subject Property is an industrial or flex building in the near- to medium-term. An increasing supply of industrial space in the area could also impact revenues and therefore reduce land values for development.
Demand for industrial space has historically been strong in the greater Sacramento mega region, with the vacancy rate dropping to all-time lows and annual net absorption reaching all-time highs. Inventory of available industrial space is extremely tight, and new construction is not keeping pace with demand. The region is projected to continue to see industrial occupancy gains and a new annual high for net absorption. As a result, industrial users have few, if any, options to relocate, providing industrial landlords with firm stability of their investments.
