The offering consists of approximately 13,647 fully leased rentable square feet of industrial distribution space with a highly visible retail component situated on its own .46 acre parcel. This project has been well maintained and is conveniently located close to Highway 99 amongst neighboring industrial properties. Originally constructed in 1998 specifically for the existing tenant, Bimbo Bakeries USA, the property includes updated curbing and path of travel.
7601 Wilbur Way is set along a major thoroughfare of the South Sacramento industrial submarket and offers a stabilized income property for investors. This submarket continues to enjoy strong growth which has risen with the overall Sacramento economy in the last several years and showing no signs of slowing down. The cinderblock and metal construction for the retail and distribution center respectively are in excellent condition and are sure to withstand the test of time. Gated parking, 24 dock high bays, excellent ingress/egress and convenient corner location/visibility, make this an excellent buy.
This offering provides a rare opportunity for an investor to acquire a premier industrial building with an incredibly stable (over 20+ years in the building) and credit worthy tenant offered at $1,875,000 ($137.39) representing a 6.4% capitalization rate.
