Core Real Estate Brokerage
Yogi and Yoli, Core Real Estate BrokeragePhone: (530) 913-9644
Email: [email protected]
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listing
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CommercialPending
$4,795,000
721 9th Street
Sacramento, CA 95814
Courtesy of Ken Turton, Broker
MLS: MetroList
14,130Sq Ft
Est. Mortgage
$24,851/mo

721 9th Street is a single tenant leased investment in the Heart of Downtown Sacramento. The Property is 100% leased to the County of Sacramento through April 30, 2029. The Property is being offered at $4,795,000 ($339 PSF) which results in a year-one capitalization rate of 6.63%. However, through May 2024, the tenant also pays a tenant improvement reimbursement equal to $2,731 per month, which until that date, increases the realized capitalization rate to 7.31% in the first year. As is custom with agency leases, the Tenant has an on-going right to terminate the lease starting in May 2024, the risk of which has been factored into the acquisition capitalization rate. The Property measures 14,130 RSF across three equal floors, each serviced by a common elevator and individual restroom cores. The Property is located directly across from the Gordon D. Schaber County Courthouse and walking distance to the State Capitol, Federal

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Courtesy of Ken Turton, Broker
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