Description
2523 J Street is located in the most popular submarket in the Sacramento region. The Mid-Century Modern building is approximately 5,479 SF and boasts contemporary finishes with a touch of modern character to produce an attractive office and retail environment. Originally built in 1962, the Property has been renovated and modernized and has seven (7) small efficient commercial suites with shared patio space for occupiers' enjoyment. The Property feature seven (7) covered and secured parking stalls. The Property is 100% leased with a strong mix of retail and office tenants who have invested several capital improvements to their suites. Current tenancy includes REALM Tattoo, PLB Skin Therapy, AIM Consulting, and an owner-occupied unit, which combined generates an annual gross income of $121,740. After expenses, net operating income is projected to be $86,772, indicative of a 6.2% capitalization rate on the purchase price.
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0BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
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5,479SQFT
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$256$/SQFT
School Ratings & Info
Description
2523 J Street is located in the most popular submarket in the Sacramento region. The Mid-Century Modern building is approximately 5,479 SF and boasts contemporary finishes with a touch of modern character to produce an attractive office and retail environment. Originally built in 1962, the Property has been renovated and modernized and has seven (7) small efficient commercial suites with shared patio space for occupiers' enjoyment. The Property feature seven (7) covered and secured parking stalls. The Property is 100% leased with a strong mix of retail and office tenants who have invested several capital improvements to their suites. Current tenancy includes REALM Tattoo, PLB Skin Therapy, AIM Consulting, and an owner-occupied unit, which combined generates an annual gross income of $121,740. After expenses, net operating income is projected to be $86,772, indicative of a 6.2% capitalization rate on the purchase price.
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