Capital Lumber "NN" Industrial Leased Investment
160 Commerce Circle is a single-tenant warehouse and distribution center totaling ±85,901 SF and fully leased on a "NN" basis to Capital Lumber, Inc. (Tenant responsible for property taxes, insurance and maintenance, excluding roof, structural, foundation, parking lot and fire sprinklers systems, which are maintained by Landlord.) The property is uniquely designed to meet the needs of a lumber/plywood company with features including extra wide grade level doors, covered drive isles and staging areas, skylights, and truck/trailer parking.
The Owner/Seller of the property is the former Owner of Capitol Plywood, which was purchased by Capital Lumber in September of 2016. Capitol Lumber has signed a new 4-year "NN" lease with annual CPI rent increases and the Owner is underway on improvements to the office area for the Tenant. The exterior of the building will also be painted prior to completion of the T.I.s. (photos do not show new exterior paint). The property is zoned M-1 and is in the City of Sacramento.
The property is located in central Sacramento in a master planned light industrial park close to the downtown business district which is active with multiple single family, multi-family, and commercial development projects. The location has excellent access to all freeways including Business 80, Interstate 80, Interstate 5, and US 50.
