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1931 J st 12,640 SF 100% Leased Retail Building Sacramento, CA 95811 $2,850,000 ($225.47/SF) 6.07% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased
- Located on the intersection of 20th and J street in Midtown Sacramento, which is considered to be one of the best locations in all of Sacramento.
- Midtown farmers market is located in front of the building, which is the third largest farmers market in the country
- Tenants pay below-market rents without NNN reimbursements, creating value-add opportunity.
- Exceptional visibility, vehicle traffic and foot traffic in dynamic arts & entertainment district.
EXECUTIVE SUMMARY
1931 J Street is a fully occupied, two-story 12,640 SF historic mixed-use investment property positioned on the high-visibility hard corner of 20th & J Streets in the heart of Midtown Sacramento’s premier walkable corridor. Anchored by popular ground-floor retailer Big Brother Comics (5,286 SF), the building is 100% leased to a stable mix of 12 retail and creative office tenants on full-service gross leases, generating $253,752 in annual gross income at significantly below-market rents. Ideally located directly across from the Midtown Farmers Market and surrounded by Sacramento’s top restaurants, bars, and entertainment venues, this irreplaceable asset offers investors immediate cash flow with substantial upside in one of Northern California’s strongest and most vibrant submarkets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
12,640 SF
Year Built
1910
Price
$2,850,000
Price Per SF
$225.47
Cap Rate
6.07%
NOI
$172,995
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.32
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
C-2-SPD
Parking
8 Spaces (0.63 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
1 of 12
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1931 J st
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