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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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 294-0060-007-0006 |
| Cap Rate | 7.79% |
| Sale Type | Investment |
| Cap Rate | 7.79% |
| APN/Parcel ID | 294-0060-007-0006 |
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1000 | 9,184 SF | Medical | Upon Request | $107,883.56 CAD |
Unit 1000
| Unit Size |
| 9,184 SF |
| Condo Use |
| Medical |
| Price |
| Upon Request |
| NOI |
| $107,883.56 CAD |
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Unit 1000
| Unit Size | 9,184 SF |
| Condo Use | Medical |
| Price | Upon Request |
| NOI | $107,883.56 CAD |
| Sale Type | Investment |
| Cap Rate | 7.79% |
| APN/Parcel ID | 294-0060-007-0006 |
| 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.</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
