1825 I Street, Sacramento, CA 95811
- $1,885,000
- List Price
- $1,885,000
- Price Change
- ▼ $95,000 1713481936
- MLS#
- 224021938
- Status
- ACTIVE
- Type
- Commercial
- Zip
- 95811
- City
- Sacramento
Property Description
1825 - 1827 I Street is a triple net leased investment located in the heart of Midtown, Sacramento. The Property is currently occupied by two long-term tenants, each occupying half of the 3,600 square foot retail building and parking lot. The Mill Coffee Roasters & Tea Studio has occupied the building since 2012 and recently extended its lease through December 2029. At Ease Brewing Company, a popular local microbrewery, has occupied the building since 2017, and its lease expires in May 2025. At Ease Brewing has two, five-year options to extend its lease and is very likely to do so early given it's track record, goodwill at this location, and financial commitment to the building. The average rent among both tenants is $2.35 triple net plus an average rent of $480 per month to lease the rear parking lot for outdoor patio space. The current net operating income is $113,011.00 with both tenants paying their pro-rata share of operating expenses (including property tax increases) in addition to the base rent. The Property is being offered for $1,885,000 which equates to a 6% capitalization rate in the first year. Over the next 6 years of the term, the average annual return is approximately 6.45% provided At Ease exercises its first renewal option.
Additional Information
- Land Area (Acres)
- 0.1469
- Year Built
- 1950
- Subtype
- Retail
- Construction
- Stucco, Wood
- Foundation
- Concrete
- Stories
- 1
- Garage
- Street, Uncovered
- Floor Coverings
- Concrete
- Misc
- 1 Restroom Per Unit, 12 to 18 Ft Ceilings
- Cooling
- Central
- Heat
- Central
- Water
- Public
- Utilities
- Separate Gas Meter
- Sewer
- Public Sewer
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Listing courtesy of 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 .