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1422 28th St
Sacramento, CA 95816
Retail Property For Sale
Executive Summary
Fully occupied four-suite Midtown Sacramento investment property offered at $1,650,000. The property generates $123,600 in annual scheduled rental income with a reported NOI of $87,625, representing an approximate 5.31% cap rate. Two tenants are currently on month-to-month agreements, providing potential future leasing or owner-user flexibility. The property includes seven dedicated parking stalls and is located near Sutter Health, Paragary’s and Capital City Freeway access. Seller financing may be available to qualified buyers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,588 SF
Building Class
C
Year Built
1969
Price
$2,275,251 CAD
Price Per SF
$634.13 CAD
Cap Rate
5.31%
NOI
$120,830 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.15 AC
Zoning
C-2 (SPD) - Commercial - Special Planning District
Parking
7 Spaces (1.95 Spaces per 1,000 SF Leased)
Frontage
50’ on 28th St
Amenities
- 24 Hour Access
- Freeway Visibility
- Tenant Controlled HVAC
- Accent Lighting
- Recessed Lighting
- Air Conditioning
- Fiber Optic Internet
Property Taxes
| Parcel Number | 007-0271-028 | Improvements Assessment | $506,347 CAD |
| Land Assessment | $900,172 CAD | Total Assessment | $1,406,519 CAD |
Property Taxes
Parcel Number
007-0271-028
Land Assessment
$900,172 CAD
Improvements Assessment
$506,347 CAD
Total Assessment
$1,406,519 CAD
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