11&R - B&G Building 1100 R St 10,700 SF 37% Leased Office Building Sacramento, CA 95811 $5,500,000 ($514.02/SF)

1100 R Street is an incredibly rare and well located three-story stand-alone mixed-use retail and office building in the heart of the R Street corridor. The Building’s footprint is approximately 10,600 square feet, with a 3,900 square foot high profile incoming producing ground floor restaurant along with eighteen (18) parking stalls. 1100 R Street presents a tremendous opportunity for an owner-user to own a prominent amazingly improved building with incredible visibility, and income in place from the retail tenant.
This exciting Property is located on the R Street Corridor, firmly in the heart of all of R Street’s most prominent and exciting amenities; including the Ice Blocks, featuring some of the region’s best restaurants and retailers. The Property sits comfortably between an ideal mix of mixed-use developments, creative offices homes and popular urban amenities.
For an owner-user, the Property is the ideal canvas for the next owner/occupant , with high-end improvements and an abundance of on-site parking for a building of this size.
Perfect for an owner-user, 1100 R Street provides a new owner with income in place of approximately $15,000 per month, between the retail rent, CAM reimbursements, and parking rent, or approximately $180,000 per year. The tenant occupies the entire ground floor of the property and has approximately 5 and a half years left on their lease, with two percent annual increases in their base rent.
Lastly, the Property benefits from The Mills Act, which is a protection against property tax increases because of its status as a registered historic commercial property. The Mills Act is the single most important economic incentive program in California for the restoration and preservation of qualified historic buildings by private property owners. Enacted in 1972, the Mills Act legislation grants participating local governments the authority to enter into contracts with owners of qualified historic properties who actively participate in the restoration and maintenance of their historic properties while receiving property tax relief. The Property will benefit from The Mills Act for many years to come, keeping overall operating expenses at the property affordable for the next owner.
Small commercial opportunities in the urban core are scarce. Developments are replacing underutilized or lower density commercial properties. Income producing, highly improved mixed-use buildings with parking on R Street are nearly impossible to find. Take advantage of this incredible rare opportunity to own 1100 R Street.