2523 J Street, Sacramento, CA 95816
- $1,125,000
- Sold Price
- $1,125,000
- List Price
- $1,400,000
- Closing Date
- Aug 28, 2023
- MLS#
- 223040129
- Status
- CLOSED
- Type
- Commercial
- Zip
- 95816
- City
- Sacramento
Property 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.
Additional Information
- Land Area (Acres)
- 0.105
- Year Built
- 1962
- Subtype
- Mixed Use
- Construction
- Concrete, Stucco, Wood
- Foundation
- Concrete
- Stories
- 0
- Garage
- Covered, Secured, Electric Gate, Fenced
- Floor Coverings
- Varies by Unit
- Misc
- Multiple Tenant Building, Patio, Restroom(s)-Private, Restroom(s)-Public, Skylight(s), Varies by Unit
- Cooling
- Varies by Unit
- Heat
- Varies by Unit, See Remarks
- Water
- Public
- Utilities
- Separate Gas Meter, Separate Water Meter
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Ken Turton, Broker. Selling Office: Ken Turton, Broker.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2024 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .