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9509 Folsom Blvd 20 Unit Apartment Building $3,000,000 ($150,000/Unit) 6.06% Cap Rate Sacramento, CA 95827
Investment Highlights
- 6.06% Cap Rate
- NNN Sale-Leaseback with 5-Year Initial Term + Three 5-Year Options
- 19 Rooms + Office with Potential to Development
- ±2.00-Acre Lot with Significant Rear Land for Potential Expansion
- Prime Sacramento Location with Easy Access to US-50, SacRT Gold Line & Downtown Sacramento
- Government-Backed Supportive Housing Program
Executive Summary
9509 Folsom Boulevard presents a compelling Absolute NNN sale-leaseback opportunity consisting of a 19-room motel plus office on a ±2.00-acre lot in Sacramento's established Highway 50 Corridor. Offered at $3,000,000, the property represents an attractive 6.06% cap rate.
The property is leased to Casa Fenix, a nonprofit supportive-housing operator, under a five-year initial NNN lease with three additional five-year options, providing the potential for up to 20 years of tenancy. Lease commencement terms negotiable. Casa Fenix is currently completing its operating license, with government-backed funding supporting the underlying program.
The property has additional value-add potential through both the existing building configuration and the substantial rear portion of the site. One existing unit was previously combined, creating the potential to reconfigure the property to achieve 20 rooms while retaining the existing office. In addition, the large rear grass area provides potential for future room expansion, subject to zoning, permitting, and other applicable approvals.
Strategically located along Folsom Boulevard with convenient access to US-50, the SacRT Gold Line, Rancho Cordova, Sacramento State, the Sacramento VA Medical Center, and Downtown Sacramento, the property benefits from its position within the greater Sacramento metropolitan area.
9509 Folsom Boulevard offers investors a combination of stable NNN income, a nonprofit supportive-housing tenancy, government-backed program funding, a low basis per room, and meaningful expansion potential on a ±2.00-acre site.
Please contact Marlon Barrios at (650) 389-3482 or marlon.vasquez@corcoranicon.com for the offering memorandum.
The property is leased to Casa Fenix, a nonprofit supportive-housing operator, under a five-year initial NNN lease with three additional five-year options, providing the potential for up to 20 years of tenancy. Lease commencement terms negotiable. Casa Fenix is currently completing its operating license, with government-backed funding supporting the underlying program.
The property has additional value-add potential through both the existing building configuration and the substantial rear portion of the site. One existing unit was previously combined, creating the potential to reconfigure the property to achieve 20 rooms while retaining the existing office. In addition, the large rear grass area provides potential for future room expansion, subject to zoning, permitting, and other applicable approvals.
Strategically located along Folsom Boulevard with convenient access to US-50, the SacRT Gold Line, Rancho Cordova, Sacramento State, the Sacramento VA Medical Center, and Downtown Sacramento, the property benefits from its position within the greater Sacramento metropolitan area.
9509 Folsom Boulevard offers investors a combination of stable NNN income, a nonprofit supportive-housing tenancy, government-backed program funding, a low basis per room, and meaningful expansion potential on a ±2.00-acre site.
Please contact Marlon Barrios at (650) 389-3482 or marlon.vasquez@corcoranicon.com for the offering memorandum.
Property Facts
| Price | $3,000,000 | Apartment Style | Garden |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Cap Rate | 6.06% | Building Size | 7,708 SF |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | ||
| Zoning | TC - Highway Travel Commercial | ||
| Price | $3,000,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 7,708 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Zoning | TC - Highway Travel Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 300 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 075-0040-005 | Improvements Assessment | $575,263 |
| Land Assessment | $1,171,292 | Total Assessment | $1,746,555 |
Property Taxes
Parcel Number
075-0040-005
Land Assessment
$1,171,292
Improvements Assessment
$575,263
Total Assessment
$1,746,555
Contacts
-
Rachna Gandhi -
Elon Harmon -
Diego Labutay -
Marlon Barrios -
Catalyst Commercial Partners
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