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Office Warehouse

Tribute Business Park

1807 Tribute Rd, Sacramento, CA 95815

Listing Price: $2,300,000

Cap Rate
6.13%
Gross SF
11,901
Price/Gross SF
$193.26
Lot Size
0.30 acres
Year Built
1980
Rentable SF
11,901

Investment Overview

The subject property (1807 Tribute Road) is an 11,901-square foot multi-tenant industrial-flex property located in Sacramento, California. More specifically, the property is strategically located on Tribute Road between Highway 160 and Exposition Boulevard, within the Point West community of Sacramento. 1807 Tribute Road is part of a three-building industrial park consisting of 1803, 1805, and 1807 Tribute Road (1803 Tribute Road is listed for sale at $2,000,000). The property is currently 90.60 percent occupied by two tenants on triple-net leases (minimal landlord expense responsibility). There is currently one vacant 1,000-square foot suite offering upside upon lease-up. Fully remodeled in 2013, the property is well-maintained with immediate access to Business 80 and Highway 160. Located at the Highway 160 and Business 80 eastbound on-ramp, the property is ideally located for transportation to the greater Sacramento area. Highway 160 connects Business 80 into the heart of Downtown Sacramento at 16th Street. Business 80, otherwise known as “Capitol City Freeway,” is the business loop of Interstate 80 running through Sacramento. Multiple logistical and warehouse tenants have chosen this area due to its central location within Sacramento (see the included aerial photo). The Tribute Road properties are located within a five-minute drive of Downtown Sacramento. The city is not only California’s state capitol, it is also a growing metropolitan region with the eighth largest world economy. It is the largest city in a six-county region, serving a population close to 500,000 in the city and nearly 2.5 million people in the region. Sacramento continues to be a choice for the growing population of people seeking an affordable live-work-play lifestyle giving its proximity to the Bay Area, Napa Valley, and Lake Tahoe. 1807 Tribute Road is 90.60 percent occupied by two tenants on triple-net leases. Sac Dance Lab is the largest of the two tenants, occupying 64.9 percent or 7,720-square feet. Sac Dance Lab signed a five-year triple-net lease in 2020 including three percent annual rental increase. Sac Dance Lab has expanded their square footage twice since moving and extended their lease term to 2028. Sac Dance Lab is Sacramento’s leader in commercial dance training from beginner to advanced levels. With a focus on industry styles and professional dance advocacy, Sac Dance Lab is a unique, boundless place to train for aspiring and professional dancers, while welcoming non-professional enthusiasts. Classes are taught by dance industry leaders including NFL, NBA, and commercial choreographers from around the nation. The remaining occupied space (26.7% or 3,181-square feet) is leased to MedSpeed. MedSpeed signed a five-year triple-net lease in January of 2022 that includes four percent annual rental increases starting in April of 2024. The lease includes one three-year option to renew at FMV, but not less than the last rental rate. MedSpeed is a healthcare delivery/courier service with locations across the nation.

Investment Highlights

  • Immediate Business 80 (Capitol City Freeway) and Highway 160 Access
  • Full Renovation in 2013 (Including Roof, HVAC Units, Etc.)
  • Upside Potential 91.60 Percent Occupied by Two-Tenants (1,000-Square Foot Vacancy)

Exclusively Listed By

Office Warehouse

Tribute Business Park

Listing Price: $2,300,000

Cap Rate
6.13%
Gross SF
11,901
Price/Gross SF
$193.26
Lot Size
0.30 acres
Year Built
1980
Rentable SF
11,901

Investment Highlights

  • Immediate Business 80 (Capitol City Freeway) and Highway 160 Access
  • Full Renovation in 2013 (Including Roof, HVAC Units, Etc.)
  • Upside Potential 91.60 Percent Occupied by Two-Tenants (1,000-Square Foot Vacancy)

Investment Overview

The subject property (1807 Tribute Road) is an 11,901-square foot multi-tenant industrial-flex property located in Sacramento, California. More specifically, the property is strategically located on Tribute Road between Highway 160 and Exposition Boulevard, within the Point West community of Sacramento. 1807 Tribute Road is part of a three-building industrial park consisting of 1803, 1805, and 1807 Tribute Road (1803 Tribute Road is listed for sale at $2,000,000). The property is currently 90.60 percent occupied by two tenants on triple-net leases (minimal landlord expense responsibility). There is currently one vacant 1,000-square foot suite offering upside upon lease-up. Fully remodeled in 2013, the property is well-maintained with immediate access to Business 80 and Highway 160. Located at the Highway 160 and Business 80 eastbound on-ramp, the property is ideally located for transportation to the greater Sacramento area. Highway 160 connects Business 80 into the heart of Downtown Sacramento at 16th Street. Business 80, otherwise known as “Capitol City Freeway,” is the business loop of Interstate 80 running through Sacramento. Multiple logistical and warehouse tenants have chosen this area due to its central location within Sacramento (see the included aerial photo). The Tribute Road properties are located within a five-minute drive of Downtown Sacramento. The city is not only California’s state capitol, it is also a growing metropolitan region with the eighth largest world economy. It is the largest city in a six-county region, serving a population close to 500,000 in the city and nearly 2.5 million people in the region. Sacramento continues to be a choice for the growing population of people seeking an affordable live-work-play lifestyle giving its proximity to the Bay Area, Napa Valley, and Lake Tahoe. 1807 Tribute Road is 90.60 percent occupied by two tenants on triple-net leases. Sac Dance Lab is the largest of the two tenants, occupying 64.9 percent or 7,720-square feet. Sac Dance Lab signed a five-year triple-net lease in 2020 including three percent annual rental increase. Sac Dance Lab has expanded their square footage twice since moving and extended their lease term to 2028. Sac Dance Lab is Sacramento’s leader in commercial dance training from beginner to advanced levels. With a focus on industry styles and professional dance advocacy, Sac Dance Lab is a unique, boundless place to train for aspiring and professional dancers, while welcoming non-professional enthusiasts. Classes are taught by dance industry leaders including NFL, NBA, and commercial choreographers from around the nation. The remaining occupied space (26.7% or 3,181-square feet) is leased to MedSpeed. MedSpeed signed a five-year triple-net lease in January of 2022 that includes four percent annual rental increases starting in April of 2024. The lease includes one three-year option to renew at FMV, but not less than the last rental rate. MedSpeed is a healthcare delivery/courier service with locations across the nation.

Exclusively Listed By

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