Research and Development
Tribute Business Park
1805 Tribute Rd, Sacramento, CA 95815
Listing Price: $3,375,000
Investment Overview
The subject property (1805 Tribute Road) is an 19,481-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. The offering includes both 1805 Tribute Road and a 1.98-acre common area parking parcel. Per the CC&R's, the common area parking lot (parcel) is owned and controlled by the owner of the 1805 Tribute property. The owner of 1805 Tribute Road collects an $800 per month administrative fee for from the other parcel owners for managing the common area parcel.
1805 Tribute Road is part of a 3-building (4 parcel) industrial park consisting of 1803, 1805, and 1807 Tribute Road. The property is currently 100 percent occupied by 9 tenants of which all are on absolute triple-net leases (minimal landlord expense responsibility). Fully remodeled in 2007, 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 of 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 given its proximity to the Bay Area, Napa Valley, and Lake Tahoe.
Investment Highlights
- Immediate Business 80 (Capitol City Freeway) and Highway 160 Access
- 100% Occupied by 9-Tenants (8 of the Tenants are on Triple-Net Leases)
- Includes Additional Administrative Income from Common Area Parcel
Exclusively Listed By
Listing Price: $3,375,000
Investment Highlights
- Immediate Business 80 (Capitol City Freeway) and Highway 160 Access
- 100% Occupied by 9-Tenants (8 of the Tenants are on Triple-Net Leases)
- Includes Additional Administrative Income from Common Area Parcel
Investment Overview
The subject property (1805 Tribute Road) is an 19,481-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. The offering includes both 1805 Tribute Road and a 1.98-acre common area parking parcel. Per the CC&R's, the common area parking lot (parcel) is owned and controlled by the owner of the 1805 Tribute property. The owner of 1805 Tribute Road collects an $800 per month administrative fee for from the other parcel owners for managing the common area parcel. 1805 Tribute Road is part of a 3-building (4 parcel) industrial park consisting of 1803, 1805, and 1807 Tribute Road. The property is currently 100 percent occupied by 9 tenants of which all are on absolute triple-net leases (minimal landlord expense responsibility). Fully remodeled in 2007, 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 of 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 given its proximity to the Bay Area, Napa Valley, and Lake Tahoe.