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Pioneer Business Park - Sacramento 6 Properties Offered at $18,055,296 CAD in Sacramento, CA
Investment Highlights
- VALUE-ADD MULTI-TENANT INDUSTRIAL PARK IN INFILL SACRAMENTO LOCATION WITH FREEWAY FRONTAGE
- UNIQUE PROJECT CHARACTERISTICS WITH IMMEDIATE FREEWAY ACCESS TO HIGHWAY 99
- EXCEPTIONALLY STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE
Executive Summary
VALUE-ADD MULTI-TENANT INDUSTRIAL PARK IN INFILL SACRAMENTO LOCATION WITH FREEWAY FRONTAGE
* 92.3% leased with many long-standing tenants. In-place rents are approximately 12.3% below market, allowing for upside through tenant renewals.
* The Property includes 31 units and 23 tenants spread across six buildings with suites averaging just under 2,500 SF.
* Low WALT of 2.03 years, strong historical occupancy, and staggered rollover, allowing for a rapid mark-to-market play. Situated on a cul-de-sac right next to a four-way Highway 99 interchange, the Property is ideally positioned in a dense infill location with 184,823 residents within a 3-mile radius and has excellent
freeway visibility.
EXCEPTIONALLY STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE
* The property sits in the Power Inn submarket on the edge of the Elk Grove/Laguna/Galt submarket. Average rent for incubator space in Power Inn is $1.04/sf/mo NNN and in Elk Grove/Laguna/Galt is $1.21/sf/mo NNN.
* There are 64.4 MSF of industrial buildings between 4,000 and 50,000 SF, the vacancy rate is only 3.8%, and rents have grown 3.6% per year over the last five years.
UNIQUE PROJECT CHARACTERISTICS
* Excellent ingress/egress, immediate freeway access to Highway 99, and no thru-traffic due to dead-end road. Freeway visibility and signage opportunities
(±176,000 CPD along Hwy 99).
* Separately Parceled Buildings Provide Additional Flexibility | The 3-parcel project offers an owner the ability to sell off portions of the project, lower their basis, and increase overall returns.
* 92.3% leased with many long-standing tenants. In-place rents are approximately 12.3% below market, allowing for upside through tenant renewals.
* The Property includes 31 units and 23 tenants spread across six buildings with suites averaging just under 2,500 SF.
* Low WALT of 2.03 years, strong historical occupancy, and staggered rollover, allowing for a rapid mark-to-market play. Situated on a cul-de-sac right next to a four-way Highway 99 interchange, the Property is ideally positioned in a dense infill location with 184,823 residents within a 3-mile radius and has excellent
freeway visibility.
EXCEPTIONALLY STRONG MARKET FUNDAMENTALS THAT SUPPORT UPSIDE
* The property sits in the Power Inn submarket on the edge of the Elk Grove/Laguna/Galt submarket. Average rent for incubator space in Power Inn is $1.04/sf/mo NNN and in Elk Grove/Laguna/Galt is $1.21/sf/mo NNN.
* There are 64.4 MSF of industrial buildings between 4,000 and 50,000 SF, the vacancy rate is only 3.8%, and rents have grown 3.6% per year over the last five years.
UNIQUE PROJECT CHARACTERISTICS
* Excellent ingress/egress, immediate freeway access to Highway 99, and no thru-traffic due to dead-end road. Freeway visibility and signage opportunities
(±176,000 CPD along Hwy 99).
* Separately Parceled Buildings Provide Additional Flexibility | The 3-parcel project offers an owner the ability to sell off portions of the project, lower their basis, and increase overall returns.
Property Facts
| Price | $18,055,296 CAD | Number of Properties | 6 |
| Price / SF | $238.83 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 75,600 SF |
| Status | Active | Total Land Area | 4.74 AC |
| Price | $18,055,296 CAD |
| Price / SF | $238.83 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 75,600 SF |
| Total Land Area | 4.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 25 Quinta Ct, Sacramento, CA 95823 | Flex | 16,000 SF | 1982 | - |
| 65 Quinta Ct, Sacramento, CA 95823 | Flex | 14,400 SF | 1977 | - |
| 55 Quinta Ct, Sacramento, CA 95823 | Flex | 9,000 SF | 1985 | - |
| 35 Quinta Ct, Sacramento, CA 95823 | Industrial | 12,800 SF | 1985 | - |
| 45 Quinta Ct, Sacramento, CA 95823 | Industrial | 12,000 SF | 1980 | - |
| 15 Quinta Ct, Sacramento, CA 95823 | Industrial | 11,400 SF | 1983 | - |
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Pioneer Business Park - Sacramento
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