5753 Auburn Blvd
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5753 Auburn Blvd
32,255 SF 100% Leased Industrial Building Sacramento, CA 95841 $5,127,000 ($159/SF) 6.60% Cap Rate
Investment Highlights
- Value-Add Multi-Tenant Industrial Project in Infill Sacramento Location
- Strong Market Fundamentals That Support Upside
Executive Summary
INVESTMENT HIGHLIGHTS
VALUE-ADD MULTI-TENANT INDUSTRIAL PROJECT IN INFILL SACRAMENTO LOCATION
* 97% leased with in-place rents approximately 11.2% below market, allowing for significant upside through tenant renewals.
* The Property includes 22 tenants spread across four buildings with suites averaging 1,400 SF. NOI is projected to grow 33% in the first five years of ownership.
* Short WALT of ±1.23 allows rents to be marked quickly to market. This significant upside is balanced by the fact that the largest tenant, Sierra Shower Door (15% of
GLA), just signed a 5-year renewal.
* Minimal office buildout (±5%) and oversized 10’ x 14’ roll-up doors on every suite. The property is situated on a main street with easy access to the I-80 freeway.
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 4.9%, but the incubator segment (10.25M SF) has a vacancy rate of only 2.8%.
* Average rents for incubator industrial properties in Sacramento were $1.01/SF/month NNN as of Q1 2024. Smaller industrial properties between 4,000-50,000 SF have experienced 8.5% annual rent growth over the last six years.
* 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 (2.5%) and the highest average asking rents ($1.33/SF/month NNN).
VALUE-ADD MULTI-TENANT INDUSTRIAL PROJECT IN INFILL SACRAMENTO LOCATION
* 97% leased with in-place rents approximately 11.2% below market, allowing for significant upside through tenant renewals.
* The Property includes 22 tenants spread across four buildings with suites averaging 1,400 SF. NOI is projected to grow 33% in the first five years of ownership.
* Short WALT of ±1.23 allows rents to be marked quickly to market. This significant upside is balanced by the fact that the largest tenant, Sierra Shower Door (15% of
GLA), just signed a 5-year renewal.
* Minimal office buildout (±5%) and oversized 10’ x 14’ roll-up doors on every suite. The property is situated on a main street with easy access to the I-80 freeway.
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 4.9%, but the incubator segment (10.25M SF) has a vacancy rate of only 2.8%.
* Average rents for incubator industrial properties in Sacramento were $1.01/SF/month NNN as of Q1 2024. Smaller industrial properties between 4,000-50,000 SF have experienced 8.5% annual rent growth over the last six years.
* 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 (2.5%) and the highest average asking rents ($1.33/SF/month NNN).
Property Facts
| Price | $5,127,000 | Lot Size | 2.07 AC |
| Price Per SF | $159 | Rentable Building Area | 32,255 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.60% | Year Built | 1980 |
| Property Type | Industrial | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 25 |
| Price | $5,127,000 |
| Price Per SF | $159 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.07 AC |
| Rentable Building Area | 32,255 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 1.67/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 25 |
Amenities
- Bus Line
- Fenced Lot
- Signage
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PROPERTY TAXES
| Parcel Number | 220-0171-046 | Improvements Assessment | $2,366,400 |
| Land Assessment | $693,600 | Total Assessment | $3,060,000 |
PROPERTY TAXES
Parcel Number
220-0171-046
Land Assessment
$693,600
Improvements Assessment
$2,366,400
Total Assessment
$3,060,000
zoning
| Zoning Code | GC (General Commercial) |
| GC (General Commercial) |
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5753 Auburn Blvd
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