Shopping Strip

2020 I Street

2020 I Street, Sacramento, CA 95811

Listing Price: $3,100,000

Cap Rate
4.81%
Gross SF
8,715
Rentable SF
8,715
Price/Gross SF
$355.71
Lot Size
0.32 acres
Year Built
1909

Investment Overview

The subject property is a modern 8,715-square foot multi-tenant retail/office property located in the heart of Midtown Sacramento, California. More specifically, the property is located along I Street between 20th and 21st Streets (roughly one block for the bustling J Street Corridor and five blocks from the California State Capitol building). The property is currently 100-percent occupied by three tenants on double-net and gross leases. Located in the epicenter of Midtown Sacramento, the property is surrounded by some of Sacramentos most dynamic retail, restaurants and nightlife venues.

Located only one block from J Street the buildings tenants benefit, both day and night, from the high foot, bicycle and vehicle traffic in the immediate area. J Street, otherwise known as the J Street Corridor, is known as one of the busiest thoroughfares in Downtown and Midtown Sacramento. The property is supported by the Lavender Heights neighborhood, home to an eclectic mix of local and regional restaurants, boutiques, coffee houses, and nightlife venues. Midtown is the most centralized area in the city of Sacramento with easy access to East Sacramento, Old Sacramento, Downtown, and West Sacramento. Furthermore, the property benefits from its ease of access to all of Sacramentos major freeways and highways including Interstate 5, Highway 50, Interstate 80 and Capital City Freeway/Business 80 (see the included aerial photo).

The building was recently renovated reimaging it with a modern hip appeal to fit in with the rest of the Midtown area. An art mural covers the west side of the building and art metal decorations are strategically placed throughout the exterior of the property. The building is constructed out of low maintenance brick construction keeping the landlords repair and maintenance costs to a minimum. Unique to Downtown and Midtown Sacramento, the property offers a secure parking lot (two security gates) including 24 parking spaces. Two-hour street parking is also available.

The building is 100-percent occupied by three tenants on a double-net and gross lease structures. The leases have staggered expiration dates reducing the landlords vacancy exposure. The largest tenant is Humble Root International occupying two suites (the whole second story) totaling 4,614-square feet. Humble Root International is a modern cannabis delivery company offering delivery throughout the greater Sacramento area, Davis, Dixon, Vacaville, Fairfield, Galt, Lodi, Stockton, Manteca, Tracy, and Modesto areas. The second largest tenant is Humani Pilates Studios occupying 2,556-square feet. The remaining suite is occupied by CPA Mark Glickman occupying 1,545-square feet.

Investment Highlights

  • Location, Location, Location (Located in the Heart of Downtown Sacramento)
  • Supported by an Abundance of Restaurants, Retailers and Residential Dwellings
  • Immediate Access to All Major Sacramento Highways and Freeways
  • High Quality Brick Construction with Modern Appeal
  • Above Average Downtown On-Site Parking (24 Spaces)
  • Excellent Visibility Along I Street

Exclusively Listed By

Listing Price: $3,100,000

Cap Rate
4.81%
Gross SF
8,715
Rentable SF
8,715
Price/Gross SF
$355.71
Lot Size
0.32 acres
Year Built
1909

Investment Highlights

  • Location, Location, Location (Located in the Heart of Downtown Sacramento)
  • Supported by an Abundance of Restaurants, Retailers and Residential Dwellings
  • Immediate Access to All Major Sacramento Highways and Freeways
  • High Quality Brick Construction with Modern Appeal
  • Above Average Downtown On-Site Parking (24 Spaces)
  • Excellent Visibility Along I Street

Investment Overview

The subject property is a modern 8,715-square foot multi-tenant retail/office property located in the heart of Midtown Sacramento, California. More specifically, the property is located along I Street between 20th and 21st Streets (roughly one block for the bustling J Street Corridor and five blocks from the California State Capitol building). The property is currently 100-percent occupied by three tenants on double-net and gross leases. Located in the epicenter of Midtown Sacramento, the property is surrounded by some of Sacramentos most dynamic retail, restaurants and nightlife venues.

Located only one block from J Street the buildings tenants benefit, both day and night, from the high foot, bicycle and vehicle traffic in the immediate area. J Street, otherwise known as the J Street Corridor, is known as one of the busiest thoroughfares in Downtown and Midtown Sacramento. The property is supported by the Lavender Heights neighborhood, home to an eclectic mix of local and regional restaurants, boutiques, coffee houses, and nightlife venues. Midtown is the most centralized area in the city of Sacramento with easy access to East Sacramento, Old Sacramento, Downtown, and West Sacramento. Furthermore, the property benefits from its ease of access to all of Sacramentos major freeways and highways including Interstate 5, Highway 50, Interstate 80 and Capital City Freeway/Business 80 (see the included aerial photo).

The building was recently renovated reimaging it with a modern hip appeal to fit in with the rest of the Midtown area. An art mural covers the west side of the building and art metal decorations are strategically placed throughout the exterior of the property. The building is constructed out of low maintenance brick construction keeping the landlords repair and maintenance costs to a minimum. Unique to Downtown and Midtown Sacramento, the property offers a secure parking lot (two security gates) including 24 parking spaces. Two-hour street parking is also available.

The building is 100-percent occupied by three tenants on a double-net and gross lease structures. The leases have staggered expiration dates reducing the landlords vacancy exposure. The largest tenant is Humble Root International occupying two suites (the whole second story) totaling 4,614-square feet. Humble Root International is a modern cannabis delivery company offering delivery throughout the greater Sacramento area, Davis, Dixon, Vacaville, Fairfield, Galt, Lodi, Stockton, Manteca, Tracy, and Modesto areas. The second largest tenant is Humani Pilates Studios occupying 2,556-square feet. The remaining suite is occupied by CPA Mark Glickman occupying 1,545-square feet.

Exclusively Listed By

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