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Arcade Building 1008 2nd St 15,128 SF 100% Leased Office Building Sacramento, CA 95814 $3,488,000 CAD ($230.57 CAD/SF) 9.52% Cap Rate
INVESTMENT HIGHLIGHTS
- Historic District of Old Sacramento
- Walking distance from Downtown Sacramento, DoCo and Golden 1 Center
- Near Universities, UC Davis Hospital and Sacramento Int'l Airport
EXECUTIVE SUMMARY
4-Story Historic Building previously known as the Arcade Hotel located in a popular Commercial Strip and tourist spot in Sacramento,CA. The building has several leased commercial spaces, Residential/Office Units in the upper floors and an underground event venue that has a beautiful brick courtyard perfect for occasions such as weddings, corporate parties and private events.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Building Size
15,128 SF
Building Class
C
Year Built/Renovated
1875/2021
Price
$3,488,000 CAD
Price Per SF
$230.57 CAD
Cap Rate
9.52%
NOI
$332,058 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,800 SF
Building FAR
2.89
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C-3-SPD - CENTRAL BUSINESS DISTRICT/SPECIAL PLANNING DISTRICT
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Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 006-0071-043 | Improvements Assessment | $998,506 CAD |
| Land Assessment | $640,832 CAD | Total Assessment | $1,639,337 CAD |
PROPERTY TAXES
Parcel Number
006-0071-043
Land Assessment
$640,832 CAD
Improvements Assessment
$998,506 CAD
Total Assessment
$1,639,337 CAD
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MATTERPORT 3D EXTERIOR
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Presented by
Lal Real Estate & Development
Arcade Building | 1008 2nd St
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