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Rovana Circle 8386 Rovana Cir 24,000 SF Industrial Building Sacramento, CA 95828 $6,602,317 CAD ($275.10 CAD/SF) 5.69% Cap Rate
EXECUTIVE SUMMARY
CBRE, Inc. is pleased to present this exceptionally rare, single-tenant leased IOS property in the heart of the burgeoning Power Inn Road submarket for sale.
Current rent is estimated at around 25% below market and Class B light industrial sits at only 2.6% vacancy. These figures, as well as the lack of new industrial construction and competing product make this highly desirable and highly capable of property value appreciation in the near term. Furthermore, the property is priced well below replacement cost (estimated at $300/psf), especially in light of the building’s unique features.
• ±24,000 SF building
• Situated on ±2.5 acres
• Built in 1991
-- +/- 6,752 SF office
-- ±1,248 SF conditioned storage/training area
-- ±8,000 SF temperature-controlled production area
-- ±8,000 SF warehouse
• ±48,900 SF fenced and paved yard
• 2 dock high doors
• 5 (±12’x14’) grade level doors
• ±2,000 amps,277/480 volt, 3 phase power (*Buyer to independently verify)
• ±24’ clear height in warehouse
• Fully Sprinklered
• M-2 Zoning (City of Sacramento-Heavy Industrial)
• Located in the heart of the Power Inn Road submarket
• Priced well below replacement cost
• Leased until January 31st, 2027
Current rent is estimated at around 25% below market and Class B light industrial sits at only 2.6% vacancy. These figures, as well as the lack of new industrial construction and competing product make this highly desirable and highly capable of property value appreciation in the near term. Furthermore, the property is priced well below replacement cost (estimated at $300/psf), especially in light of the building’s unique features.
• ±24,000 SF building
• Situated on ±2.5 acres
• Built in 1991
-- +/- 6,752 SF office
-- ±1,248 SF conditioned storage/training area
-- ±8,000 SF temperature-controlled production area
-- ±8,000 SF warehouse
• ±48,900 SF fenced and paved yard
• 2 dock high doors
• 5 (±12’x14’) grade level doors
• ±2,000 amps,277/480 volt, 3 phase power (*Buyer to independently verify)
• ±24’ clear height in warehouse
• Fully Sprinklered
• M-2 Zoning (City of Sacramento-Heavy Industrial)
• Located in the heart of the Power Inn Road submarket
• Priced well below replacement cost
• Leased until January 31st, 2027
PROPERTY FACTS
| Price | $6,602,317 CAD | No. Stories | 1 |
| Price Per SF | $275.10 CAD | Year Built | 1991 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 5.69% | Parking Ratio | 1.25/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 24’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 2.50 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 24,000 SF | ||
| Zoning | M-2 S, Sacramento - Heavy Industrial | ||
| Price | $6,602,317 CAD |
| Price Per SF | $275.10 CAD |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.50 AC |
| Rentable Building Area | 24,000 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Tenancy | Single |
| Parking Ratio | 1.25/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | M-2 S, Sacramento - Heavy Industrial |
AMENITIES
- Fenced Lot
- Skylights
UTILITIES
- Lighting
- Water
- Sewer
- Heating
1 1
PROPERTY TAXES
| Parcel Number | 064-0010-129 | Improvements Assessment | $3,264,068 CAD |
| Land Assessment | $1,159,201 CAD | Total Assessment | $4,423,269 CAD |
PROPERTY TAXES
Parcel Number
064-0010-129
Land Assessment
$1,159,201 CAD
Improvements Assessment
$3,264,068 CAD
Total Assessment
$4,423,269 CAD
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Rovana Circle | 8386 Rovana Cir
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