4865 Pasadena Ave
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4865 Pasadena Ave
23,600 SF 100% Leased Flex Building Sacramento, CA 95841 $4,584,000 ($194/SF)
Investment Highlights
- VALUE-ADD MULTI-TENANT INDUSTRIAL PROJECT IN INFILL SACRAMENTO LOCATION
- STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE
Executive Summary
VALUE-ADD MULTI-TENANT INDUSTRIAL PROJECT IN INFILL SACRAMENTO LOCATION
* 100% leased asset with a diversified rent roll and durable in-place income. The Property includes 11 tenants with suites averaging 2,300 SF. Minimal office buildout (±15%) and oversized 10’ x 12’ roll-up doors on every suite.
* CBRE Econometric Advisors projects strong rent growth for industrial assets in Sacramento, totaling as much as +/-18% over the next 5 years. With a remaining WALT of 2.24 years, the rent roll can unlock accretive value with upcoming renewals at accelerated market rates.
* Situated off a main street with instant access to the I-80 and Business 80 freeways, the Property is ideally positioned in a dense infill location with 380,986 residents and 89,444 daytime employees within a 5-mile radius.
* Ownership has recently spent over $400,000 on property improvements, including roof re-coating, exterior paint, asphalt upgrades, fence & gate repairs, and interior renovations.
STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE
* The incubator industrial segment of the market is outperforming the overall market. The overall Sacramento industrial market (194M SF) has a low vacancy rate of 5.1%, but the incubator segment (10.25M SF) has a vacancy rate of only 2.4%.
* The Property sits within the I-80/ Roseville Road Submarket, which has the second highest amount of incubator industrial space in the region (1.3M SF), one of the lowest vacancy rates (0.5%) and average asking rents of $0.94/SF/month NNN.
* Currently, in the entire I-80/ Roseville Road Submarket, there is only 7,150 SF of incubator space available for lease.
* There are currently no multitenant industrial buildings under construction in Sacramento, contributing to this supply constrained segment of the market.
* 100% leased asset with a diversified rent roll and durable in-place income. The Property includes 11 tenants with suites averaging 2,300 SF. Minimal office buildout (±15%) and oversized 10’ x 12’ roll-up doors on every suite.
* CBRE Econometric Advisors projects strong rent growth for industrial assets in Sacramento, totaling as much as +/-18% over the next 5 years. With a remaining WALT of 2.24 years, the rent roll can unlock accretive value with upcoming renewals at accelerated market rates.
* Situated off a main street with instant access to the I-80 and Business 80 freeways, the Property is ideally positioned in a dense infill location with 380,986 residents and 89,444 daytime employees within a 5-mile radius.
* Ownership has recently spent over $400,000 on property improvements, including roof re-coating, exterior paint, asphalt upgrades, fence & gate repairs, and interior renovations.
STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE
* The incubator industrial segment of the market is outperforming the overall market. The overall Sacramento industrial market (194M SF) has a low vacancy rate of 5.1%, but the incubator segment (10.25M SF) has a vacancy rate of only 2.4%.
* The Property sits within the I-80/ Roseville Road Submarket, which has the second highest amount of incubator industrial space in the region (1.3M SF), one of the lowest vacancy rates (0.5%) and average asking rents of $0.94/SF/month NNN.
* Currently, in the entire I-80/ Roseville Road Submarket, there is only 7,150 SF of incubator space available for lease.
* There are currently no multitenant industrial buildings under construction in Sacramento, contributing to this supply constrained segment of the market.
Property Facts
| Price | $4,584,000 | Rentable Building Area | 23,600 SF |
| Price Per SF | $194 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1980 |
| Property Type | Flex | Parking Ratio | 2/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16 FT |
| Lot Size | 2.00 AC | No. Drive In / Grade-Level Doors | 5 |
| Price | $4,584,000 |
| Price Per SF | $194 |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 2.00 AC |
| Rentable Building Area | 23,600 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 16 FT |
| No. Drive In / Grade-Level Doors | 5 |
Amenities
- Fenced Lot
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,093,746 | |
| Land Assessment | $977,976 | Total Assessment | $3,071,722 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$977,976
Improvements Assessment
$2,093,746
Total Assessment
$3,071,722
zoning
| Zoning Code | GC |
| GC |
Contacts
-
Matt Post -
Sammy Cemo -
Anthony DeLorenzo -
Austin Reuland -
Nick Williams -
CBRE, Inc.
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4865 Pasadena Ave
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