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650 Howe Ave
Sacramento, CA 95825
Building 1 · Office Property For Sale
·
51,529 SF
INVESTMENT HIGHLIGHTS
- NOI: $82,513 (Proforma)
- Safety in numbers – 10 easy to lease suites.
- Located along the well-known and busy Howe Avenue office and retail corridor.
- Cap Rate: 7% (Proforma)
- Priced well below replacement cost.
- Only 2.0 miles from Hwy 50 and 2.5 miles from Bus 80 Fwy – easy access to greater Sacramento metro area.
EXECUTIVE SUMMARY
Professional Office Building Located in the Howe Business Center.
PROPERTY FACTS
| Total Building Size | 51,529 SF | Typical Floor Size | 51,529 SF |
| Property Type | Office (Condo) | Year Built | 1972 |
| Building Class | B | Lot Size | 3.04 AC |
| Floors | 1 | Parking Ratio | 2.91/1,000 SF |
| Zoning | BP - Business Professional (Office & Medical Uses) | ||
| Total Building Size | 51,529 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 51,529 SF |
| Year Built | 1972 |
| Lot Size | 3.04 AC |
| Parking Ratio | 2.91/1,000 SF |
| Zoning | BP - Business Professional (Office & Medical Uses) |
AMENITIES
- 24 Hour Access
- Courtyard
- Central Heating
- High Ceilings
- Open-Plan
- Wi-Fi
- Air Conditioning
1 UNIT AVAILABLE
Unit 1000
| Unit Size | 9,184 SF | Cap Rate | 7.79% |
| Condo Use | Office | NOI | $107,003.59 CAD |
| Sale Type | Investment |
| Unit Size | 9,184 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.79% |
| NOI | $107,003.59 CAD |
DESCRIPTION
Part of a ten building complex. Has owner association with replacement reserve account built in. They handle all exterior maintenance including painting of complex, parking lot repair, security.
SALE NOTES
Major price reduction. Owner will finance 80% of sales price for three years, the first 18 months interest only at 6.25% and the next 18 months at 6.5, amortized for 20 years. Great investor deal, most all spaces have been built out, ready for small users. Building is 80% occupied and a great opportunity for investment.
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