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2001-2005 S St 2 644 pi² Commerce de détail Immeuble Sacramento, CA 95811 1 438 227 $ CAD (543,96 $ CAD/pi²)
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Faits saillants de l'investissement
- Corner retail conversion opportunity at 20th & S St in Midtown Sacramento, offering a rare chance for a single retailer to occupy the full building
- Estimated $370,160 to convert to warm shell with TI allowance, enabling projected retail rents of $3.00 NNN per SF per month following repositioning
- Steps from the R Street Corridor, supported by strong daily foot traffic and sustained private investment
- Former mixed office and retail layout creates clear upside through full retail repositioning
- One block from Safeway (1.6M visits/yr) and two blocks from Ice Blocks (1M visits/yr), the area’s primary mixed-use anchor
- Located within the Midtown Association PBID, providing enhanced clean-and-safe services, daily maintenance, and long-term corridor support
Résumé de l'annonce
2001–2005 S Street is a rare retail conversion opportunity on the corner of 20th and S Street in Midtown, Sacramento. Half of the building was previously utilized by an owner-user as office space, while the other half consisted of two retail suites. The property now presents a strategic opportunity for a retailer to occupy the entire building, benefiting from strong surrounding retail synergy, prominent corner visibility, and a prime location one block from the Safeway shopping center and two blocks from the Ice Blocks mixed-use development.
The building can achieve its highest and best value if it is repositioned as a retail building and completely refurbished to warm shell condition with retail store fronts. “Warm shell” condition is the one of the simplest forms of commercial space. It requires a building to be completely demolished to the studs and then re-improved with taped dry wall, ADA restrooms and stubbed mechanical, electrical and plumbing systems. We estimate the cost to achieve this level of improvement to be approximately $264,400 ($100 per SF). In addition, a strong retail or restaurant tenant will require a reasonable tenant improvement allowance which we estimate at approximately $105,760 ($40 per SF). This would mean a total of $370,160 in improvements.
Assuming both items above are provided and improved, we believe the building will be able to achieve a rent of $3.00 per square foot (“SF”) net of all expenses (“NNN”) per month. This would generate a monthly income of approximately $8,532 and an annual net income of approximately $102,384 (which includes parking costs at $100 each for 6 stalls).
The building can achieve its highest and best value if it is repositioned as a retail building and completely refurbished to warm shell condition with retail store fronts. “Warm shell” condition is the one of the simplest forms of commercial space. It requires a building to be completely demolished to the studs and then re-improved with taped dry wall, ADA restrooms and stubbed mechanical, electrical and plumbing systems. We estimate the cost to achieve this level of improvement to be approximately $264,400 ($100 per SF). In addition, a strong retail or restaurant tenant will require a reasonable tenant improvement allowance which we estimate at approximately $105,760 ($40 per SF). This would mean a total of $370,160 in improvements.
Assuming both items above are provided and improved, we believe the building will be able to achieve a rent of $3.00 per square foot (“SF”) net of all expenses (“NNN”) per month. This would generate a monthly income of approximately $8,532 and an annual net income of approximately $102,384 (which includes parking costs at $100 each for 6 stalls).
Faits sur la propriété
Type de vente
Propriétaire utilisateur
Type de propriété
Taille du bâtiment
2 644 pi²
Classe d’immeuble
C
Année de construction
1983
Prix
1 438 227 $ CAD
Prix par pi²
543,96 $ CAD
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,40
Taille du lot
0,15 AC
Zonage
RMX-SP
Stationnement
6 places (2,27 places par 1 000 pi² loué)
Moyennement practicable à pied
60/100
Moyennement facile d'accès en voiture
70/100
Bons transports en commun
60/100
Très practicable en vélo
80/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 010-0025-012 | Évaluation des bâtiments | 225 628 $ CAD |
| Évaluation du terrain | 67 542 $ CAD | Évaluation totale | 293 170 $ CAD |
Impôts fonciers
Numéro de lot
010-0025-012
Évaluation du terrain
67 542 $ CAD
Évaluation des bâtiments
225 628 $ CAD
Évaluation totale
293 170 $ CAD
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2001-2005 S St
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