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7400 Folsom Blvd 1.6 Acres of Industrial Land Offered at $6,138,880 CAD in Sacramento, CA 95826
INVESTMENT HIGHLIGHTS
- Multifamily Development Site-1/4 Mile to CSUS ( Sac State)
- 1.6 Acre Parcel
- Located Within Opportunity Zone
- C-2 Zoning: General Commercial
- Freeway Visibility
- Income in Place
EXECUTIVE SUMMARY
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 7400 Folsom Boulevard, a prime infill multifamily development site
located in Sacramento, California. Located within a ¼ mile from California State University, Sacramento (CSUS), this opportunity is ideal for any investor/
developer looking to build and capitalize on the ever-growing CSUS ( currently 31,000 students), and overall demand for student/affordable/market rate
housing. This level 1.6-acre parcel is visible from eastbound U.S. Highway 50 and strategically located in Sacramento’s most dynamic submarkets for
residential growth along the highly transit-rich Folsom Blvd corridor.
Currently, this property is leased by Brightview Landscape Services, Inc., one of the leading commercial landscape companies in the United States.
Brightview is in the 4th year of a 5-year extension term, expiring in August 2027 and paying $12,823/Mo NNN. With 2 years remaining in this lease and
income in place, this opportunity allows the developer ample time to secure their necessary approvals, entitlements, financing, etc.
located in Sacramento, California. Located within a ¼ mile from California State University, Sacramento (CSUS), this opportunity is ideal for any investor/
developer looking to build and capitalize on the ever-growing CSUS ( currently 31,000 students), and overall demand for student/affordable/market rate
housing. This level 1.6-acre parcel is visible from eastbound U.S. Highway 50 and strategically located in Sacramento’s most dynamic submarkets for
residential growth along the highly transit-rich Folsom Blvd corridor.
Currently, this property is leased by Brightview Landscape Services, Inc., one of the leading commercial landscape companies in the United States.
Brightview is in the 4th year of a 5-year extension term, expiring in August 2027 and paying $12,823/Mo NNN. With 2 years remaining in this lease and
income in place, this opportunity allows the developer ample time to secure their necessary approvals, entitlements, financing, etc.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$214,688
|
$134,179.87
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $214,688 |
| Annual Per AC | $134,179.87 |
PROPERTY FACTS
| Price | $6,138,880 CAD | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.60 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | C-2 - General Commercial Zone | ||
| Price | $6,138,880 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 1.60 AC |
| Opportunity Zone |
Yes |
| Zoning | C-2 - General Commercial Zone |
1 LOT AVAILABLE
Lot
| Price | $6,138,880 CAD | Lot Size | 1.60 AC |
| Price Per AC | $3,836,800.04 CAD |
| Price | $6,138,880 CAD |
| Price Per AC | $3,836,800.04 CAD |
| Lot Size | 1.60 AC |
1.6 acre level lot, with 142' of Folsom Blvd frontage
DESCRIPTION
This 1.6 acre site is level and rectangular in shape. All utilities are on-site.
1 1
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 079-0222-021 | Improvements Assessment | $1,056,832 CAD (2025) |
| Land Assessment | $831,375 CAD (2025) | Total Assessment | $1,888,207 CAD (2025) |
PROPERTY TAXES
Parcel Number
079-0222-021
Land Assessment
$831,375 CAD (2025)
Improvements Assessment
$1,056,832 CAD (2025)
Total Assessment
$1,888,207 CAD (2025)
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7400 Folsom Blvd
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