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4331 AttawaSacramento, CA 95822

Sacramento County

$1,600,000List price
15,125Sq Ft
1980Year built
0.56Acre lot
2Stories
13 months agoOn market

Listed By: Cornish & Carey Commercial - 4087279600

Listed By: Kelly Rivett

Description

Price Reduced $200K-Seller Motivated! Newmark, as the exclusive advisor, is pleased to present for sale 4331 Attawa Avenue, a mixed-use office/light manufacturing building in Sacramento, California. Constructed in 1980, this metal building is comprised of roughly 15,125 SF on 2 levels, and is currently occupied by a multitude of office tenants, art studios, and a cider production facility. This property is 100% occupied with long term tenants on short term leases. The current acquisition cap rate is 6.3%. Huge rental income upside with an average lease rate at $0.91/SF. With in-place income, this buildings size and location present many adaptive re-use options within an urban neighborhood reflecting the changes of demographics and perceptions. Located on Attawa Avenue, just south of Sacramento City College and Land Park, 4331 is in close proximity to many retail amenities including, but not limited to: Crocker Village, Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalos Restaurant, Sutterville Bicycle Company, Raleys, and Land Park Ski & Sports. *4330 24th Street is also for sale and can be purchased separately or together. The buildings back up to each other and priced at $700,000

Property Information

Property type
Commercial Sale
Year built
1980
Stories
2
Living area
15,125 Sq Ft
Lot size
0.56 acres
Parking spaces
15
Ownership
Individual
Days on market
415
MLS® Listing#
ML82021686

Property Features

Cooling
Central Air · Wall/Window Unit(s) · Other
Heating
Forced Air · Other · Central
Parking
Off Street · Assigned · Common · Guest
Foundation
Slab
Roof
Metal
Security
Security Fence · Security Lights
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$17,920
Parcel number
018-0053-042-0000

Directions

4331 Attawa Avenue is located just south of Sacramento City College and Land Park. Take Sutterville Road Bypass south to 24th St. Take the first right on 16th Avenue and an immediate left on Attawa to the address on the left.

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