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6290 88th St
Sacramento, CA 95828
Industrial Property For Sale
Investment Highlights
- ±19,688 SF Industrial building built in 2007
- Generous going-in Cap Rate of 8.0% with annual rent increases
- Cannabis Nursery, Genetics, and Research facility fully approved by the City of Sacramento and the State of California
- Significant Tenant Investment in the building
- NOI of $579,945.00
- Tenant is in its 6th year of occupancy with 9+ years of lease term remaining
Executive Summary
Kidder Mathews is pleased to present 6290 88th Street as a Single Tenant NNN leased investment. The original construction was completed in 2007. The building was
taken down to a shell in 2019, and the building now has a $5 Million investment in place for the Tenant Improvements and related equipment.
Conception Nurseries is the world’s largest micro-propagation company and brings proven agricultural technology to Cannabis with its tissue culture “True Clones”. Pest-free, disease-free genetically verified and performance tested.
Conception does not cultivate cannabis on-site, but genetically develops and grows ‘baby’ plants or ‘clones’ that cultivators then purchase for their cultivation.
taken down to a shell in 2019, and the building now has a $5 Million investment in place for the Tenant Improvements and related equipment.
Conception Nurseries is the world’s largest micro-propagation company and brings proven agricultural technology to Cannabis with its tissue culture “True Clones”. Pest-free, disease-free genetically verified and performance tested.
Conception does not cultivate cannabis on-site, but genetically develops and grows ‘baby’ plants or ‘clones’ that cultivators then purchase for their cultivation.
Property Facts
| Sale Type | Investment | Year Built | 2007 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1/1,000 SF |
| Building Class | B | Clear Ceiling Height | 20’ |
| Lot Size | 1.27 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 19,600 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | M-2S - Heavy industrial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.27 AC |
| Rentable Building Area | 19,600 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Tenancy | Single |
| Parking Ratio | 1/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | M-2S - Heavy industrial |
Amenities
- Skylights
- Yard
Utilities
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
Property Taxes
| Parcel Number | 062-0160-010 | Improvements Assessment | $4,437,971 |
| Land Assessment | $757,701 | Total Assessment | $5,195,672 |
Property Taxes
Parcel Number
062-0160-010
Land Assessment
$757,701
Improvements Assessment
$4,437,971
Total Assessment
$5,195,672
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