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Lewis & Bistrow 2398 Fair Oaks Blvd 7,611 SF 100% Leased Office Building Sacramento, CA 95825 $3,499,325 CAD ($459.77 CAD/SF) 3.79% Cap Rate
Executive Summary
2398 Fair Oaks Blvd at 2398 Fair Oaks Boulevard, Sacramento, CA 95825 presents a compelling owner/user and investment opportunity along one of Sacramento’s most established commercial corridors. This well-located two-story, Class B office building totals approximately 7,874 SF on an 11,143 SF parcel and features 9 suites with 20 on-site parking spaces. Positioned near Fulton Avenue in the Arden Arcade area, the property offers excellent visibility on Fair Oaks Boulevard with convenient access to Howe Avenue, Alta Arden Expressway, and a strong mix of nearby retail, dining, banking, and medical amenities. The flexible layout and business professional setting make it ideal for office, medical, and service-oriented users. The property is currently approximately 67% occupied, providing immediate in-place income with upside through lease-up of the remaining vacant suites. Existing tenancy includes dental, real estate, housing services, and salon users, creating diversified occupancy and stable cash flow potential. With its strategic infill location, established operating history, and value-add leasing opportunity, 2398 Fair Oaks Blvd is an attractive chance to acquire a multi-tenant office asset in the heart of Sacramento.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
7,611 SF
Building Class
B
Year Built
1967
Price
$3,499,325 CAD
Price Per SF
$459.77 CAD
Cap Rate
3.79%
NOI
$132,477 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,806 SF
Building FAR
0.49
Lot Size
0.36 AC
Zoning
BP, Sacramento
Parking
21 Spaces (2.75 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,656,992 CAD | |
| Land Assessment | $298,250 CAD | Total Assessment | $1,955,242 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$298,250 CAD
Improvements Assessment
$1,656,992 CAD
Total Assessment
$1,955,242 CAD
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Lewis & Bistrow | 2398 Fair Oaks Blvd
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