Attractive value add opportunity for industrial investment or owner-user! Portfolio of steel warehouses approx 16,565sf with 18 ft clearance & office building approx 2440sf built 1970 on 0.91 AC parcel, large roll up doors, rare Paved Fenced Secured Storage Yard. Big upside in future income potential. Potential development opportunity. Zoned RMX. Newer roof, HVAC, paved streets, improved sidewalks, landscaping. Central location close to Downtown urban core. Easy access to Freeway. Underground tanks removed 20 years ago. No Further Action Letter from County of Sacramento. Prior uses: plumbing supplies, auto body shop, RV repair, parts, painting. Property currently 100% leased by (2) tenants: Spec Auto Body & RV Repair, and RV Doctor George. Current Gross Annual Income is approx $61,583 Modified Gross: Landlord pays RE taxes, property insurance; Tenants pay utilities, maintenance, repairs. Leases expire March 2021. Spec Auto Body has renewal option to March 2024. All offers considered!
|--||New Value: $1,350,000|
|11/14/2019 7:45:00 PM|