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1825 I Street Sacramento, CA $ 1,795,000
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$ 1,795,000 Get more info
1825 I Street
$ 1,795,000
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1825 I Street

Sacramento, CA, 95811
$ 1,795,000
Baths0.0 Sq 3,840

Monthly Estimate*

$ 11,930

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Studio

Commercial Property for sale in Sacramento, CA

for $1,795,000. This 3,840 square foot building was built in 1950 on a lot size of 0.1469.

1825 - 1827 I Street is a triple net leased investment located in the heart of Midtown, Sacramento. The Property is currently occupied by two long-term tenants, each occupying half of the 3,600 square foot retail building and parking lot. The Mill Coffee Roasters & Tea Studio has occupied the building since 2012 and recently extended its lease through December 2029. At Ease Brewing Company, a popular local microbrewery, has occupied the building since 2017 and recently extended its lease through May 2030. As such, both tenants now have 5+ years remaining on their leases, and both have an option to extend for 5 more years after that. The average rent among both tenants is $2.35 triple net plus an average rent of $480 per month to lease the rear parking lot for outdoor patio space. The current net operating income is $113,011.00 with both tenants paying their pro-rata share of operating expenses (including property tax increases) in addition to the base rent. The Property is being offered for $1,795,000 which equates to a 6.30% capitalization rate in the first year. Over the next 6 years of the term, the average annual return is approximately 6.78%

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Commercial Active

Price

$ 1,795,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.1469

Year Built

1950

Town/City

Sacramento

County/Region

Sacramento

MLS | Web ID

224021938
Features
General
Sewer Public Sewer
Heating Central
Cooling Central
Utilities Separate Gas Meter
Roof Flat
Construction Materials Stucco Wood
Year Built 1950
Electric 200 to 400 Amp Service
Tenant Pays Common Area Maintenance Sewer Electricity Taxes Gas Trash Collection Water Insurance Janitorial Services Maintenance
Stories 1
Property SubType Retail
Current Use Retail
Location Downtown
Business Type Other
County Sacramento
Property Type CommercialSale
Building Features 1 Restroom Per Unit 12 to 18 Ft Ceilings
Close Price 0.0
Status Active
Directions Located near the corner of 19th and I Street.
City Sacramento
Buyer Agent Compensation 2
Zoning Description C-2 General Commercial
NumberOfUnitsTotal 2
MLS Area 10811
Lot Size Square Feet 6399.0
Street Name I
Ok to Lease 5 Years
Standard Status Active
Year Built Source Assessor Auto-Fill
Buyer Agent Compensation Type Percent
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Interior
Flooring Concrete 0
Office Area 0
Total Stories 0
Street Suffix Street
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Exterior
Parking Features Street Uncovered
Water Source Public
Total Parking 0.0
Foundation Details Concrete
Number of Buildings 1
Building Area Total 3840.0
Lot Dimensions 40x160
Lot Size Acres 0.1469
Lot Size Source Assessor Auto-Fill
Parking Ratio 0.0
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Internal Only
Street Number 1 1825
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* Excluded Features
List By
Ken Turton, Broker

Broker

jonlang@turtoncom.com

Email

Affordability Calculator

$11,930
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,930
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295416 Elementary School
295437 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
6/5/2024 $1,795,000 -4.77% Price Down
4/18/2024 $1,885,000 -4.80% Price Down
3/11/2024 $1,980,000 Listed Price

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1825 I Street, Sacramento, CA, 95811 is a Commercial Property for sale at $1,795,000 with 3,840 sqft and a lot size of 0.1469. 1825 I Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 95811 which is in Sacramento, CA

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