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2510 Evergreen Ave 36,000 SF Industrial Building West Sacramento, CA 95691 $11,107,282 CAD ($308.54 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Copy link to download Offering Memorandum: https://www.pcplistings.com/listings/evergreenave/
- LONG NNN LEASE WITH BELOW MARKET RENT AND STRONG 3.5% BUMPS
- 100% LEASED TO COMPANY WITH $20B+ REVENUE – MARKET LEADER
- IDEAL LOCATION & SOLID UNDERLYING REAL ESTATE FUNDAMENTALS
Executive Summary
100% LEASED TO COMPANY WITH $20B+ REVENUE – MARKET LEADER
* 100% leased to ABC Supply Company, Inc., a privately held company with annual revenues of $20.7B in 2024. ABC Supply is the largest wholesale distributor of roofing materials in North America.
* ABC Supply has an S&P credit rating of BB+, creating a highly secured income stream.
LONG NNN LEASE WITH BELOW MARKET RENT AND STRONG 3.5% BUMPS
* NNN lease structure allows for passive ownership and ease of management.
* With 7.8 years remaining on the initial lease term and the tenant’s strong financial
position, this investment offers a stable income stream.
* The lease features strong 3.5% annual increases throughout the duration of the
primary term in addition to two 5-year options at fair market rent, ensuring that the
property’s cash flow will keep pace with the rising market.
IDEAL LOCATION & SOLID UNDERLYING REAL ESTATE FUNDAMENTALS
* West Sacramento may be the most sought after submarket in the region from a logistics perspective, with its immediate access to all the region’s major freeways (Interstate 80, Highway 50 & Interstate 5), proximity to the deep water Port of Sacramento and the Sacramento International Airport, and its proximity to some of the most densely populated areas in the city.
* Even though the West Sacramento submarket is the second largest submarket in the region (25.4MSF), the vacancy rate for Light Industrial Class B (6.3MSF) is only 1.3%.
* Despite the lack of available industrial space, there are currently no industrial
buildings under construction in West Sacramento.
* 100% leased to ABC Supply Company, Inc., a privately held company with annual revenues of $20.7B in 2024. ABC Supply is the largest wholesale distributor of roofing materials in North America.
* ABC Supply has an S&P credit rating of BB+, creating a highly secured income stream.
LONG NNN LEASE WITH BELOW MARKET RENT AND STRONG 3.5% BUMPS
* NNN lease structure allows for passive ownership and ease of management.
* With 7.8 years remaining on the initial lease term and the tenant’s strong financial
position, this investment offers a stable income stream.
* The lease features strong 3.5% annual increases throughout the duration of the
primary term in addition to two 5-year options at fair market rent, ensuring that the
property’s cash flow will keep pace with the rising market.
IDEAL LOCATION & SOLID UNDERLYING REAL ESTATE FUNDAMENTALS
* West Sacramento may be the most sought after submarket in the region from a logistics perspective, with its immediate access to all the region’s major freeways (Interstate 80, Highway 50 & Interstate 5), proximity to the deep water Port of Sacramento and the Sacramento International Airport, and its proximity to some of the most densely populated areas in the city.
* Even though the West Sacramento submarket is the second largest submarket in the region (25.4MSF), the vacancy rate for Light Industrial Class B (6.3MSF) is only 1.3%.
* Despite the lack of available industrial space, there are currently no industrial
buildings under construction in West Sacramento.
Property Facts
| Price | $11,107,282 CAD | No. Stories | 1 |
| Price Per SF | $308.54 CAD | Year Built | 1975 |
| Sale Type | Investment NNN | Tenancy | Single |
| Cap Rate | 5.50% | Parking Ratio | 0.94/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18’ |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 11 |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 2.80 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 36,000 SF | ||
| Zoning | M1 - Light Industrial | ||
| Price | $11,107,282 CAD |
| Price Per SF | $308.54 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 5.50% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 2.80 AC |
| Rentable Building Area | 36,000 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 0.94/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 11 |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | M1 - Light Industrial |
Amenities
- Fenced Lot
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating
1 1
Property Taxes
| Parcel Number | 067-190-006-000 | Improvements Assessment | $6,985,841 CAD |
| Land Assessment | $1,209,361 CAD | Total Assessment | $8,195,202 CAD |
Property Taxes
Parcel Number
067-190-006-000
Land Assessment
$1,209,361 CAD
Improvements Assessment
$6,985,841 CAD
Total Assessment
$8,195,202 CAD
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2510 Evergreen Ave
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