2009 N St
Sacramento, CA 95811
Multifamily Property For Sale · 3 Units

Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 2009 N Street (the “Subject Property”). The offering consists of two fully leased buildings situated on .15 acres of land in midtown; a 3,700 square foot, three story residential building (the “Original Structure”) and a 2,200 square foot re-purposed shipping container restaurant and beer hall known as The Federalist Public House (“FPH”). Both structures are being leased by FPH under one agreement expiring 1/31/2021 with one (1) five year option to extend at 100% Fair Market Value. The Subject Property is being offered for sale at $1,751,000, representing a 6% capitalization rate on existing income. The Tenant pays for all operating expenses and maintenance and repair to the property except for the roof. The original structure was built in 1907 and has housed a variety of office and residential uses since its construction over a century ago. The 3,700 square feet is exclusive of an approximate 800 square foot basement that is currently used as storage. The first floor contains a fully functional prep kitchen, bathroom and three special event rooms. Renovated in 2012, the second and third floors of the structure equal approximately 2,050 square feet and are used as a private residence with 3+ bedrooms and two full bathrooms. The residence boasts elegant hardwood floors, an updated kitchen, airy dining and living rooms and abundant natural light. The Federalist Public House is a unique shipping container restaurant and beer hall located in the backyard of the original structure, with direct access to Matsui Alley between Capitol Ave and N Street on 20th. FPH was built in 2014 and features an outdoor pizza oven, walk-in freezer, tap room, prep kitchen and two ADA compliant restrooms. Other finishes include cooling fans, misters and heat lamps for variable climate conditions.