1450-1456 Sproule Ave
Sacramento, CA 95811
Industrial Property For Sale
Investment Highlights
- Fully paved and fenced, and includes LED lights and security cameras in the yard
- Located in a California Designated Qualified Opportunity Zone.
Property Facts
Amenities
- Fenced Lot
About 1450-1456 SPROULE AVE , SACRAMENTO, CA 95811
This is a rare opportunity to purchase a small, single-tenant leased investment property in the Downtown Sacramento area with a 7.25% Cap Rate on Actual Income. The property is comprised of a small office building on an approximate one-half acre parcel with visibility to Highway 160. The site is fully paved and fenced, and includes LED lights and security cameras in the yard. The property is zoned C-4, where auto sales is a use permitted by right. The Light Industrial vacancy in Downtown Sacramento is 2.3% as of 3rd Quarter 2019. Tenant: KK Auto Sales Current Rent: $5,150 per month Industrial Gross, with 3% annual increases (Rent increases to $5,304 July 1, 2020) Lease Expiration: July 14, 2021 Options: One (1) three (3) year Option to Extend
Property Taxes
| Parcel Number | 001-0141-023 | Improvements Assessment | $254,689 |
| Land Assessment | $541,216 | Total Assessment | $795,905 |
Property Taxes
