The Ida Group

SACRAMENTO: 7500 ELSIE AVE

SOLD: $2,625,000

CAP Rate: 6.79% | Rentable SF: 12,748 | Price/Rentable SF: $205.91 | Parcel Size: 1.15 Acre Panel (3.81 AC) | Year Built: 2008

 
 

INVESTMENT HIGHLIGHTS

  • New Construction Multi-Tenant Retail Center – 81.80 percent leased to established tenants
  • Cap rate at existing income of 6.79 percent with room for upside by leasing up vacancies
  • Long-term leases in-place- 57 percent of existing income from three tenants with leases until 2027, 2024, and 2020
  • Exceptionally Located Along a Busy Corridor Near Highway 99, Kaiser Permanente Hospital, And Dignity Health Hospital
  • Attractive Modern Construction With Excellent Parking Ratio of 4.7 per 1,000 Square Feet