813 6th Street OM_LONG_FEB2019_005

$12,750,000

OFFERING PRICE

5.71%

CAP RATE

$728,064 (as of 1/1/2020)

NOI

100%

OCCUPANCY

1916/2001 & 2016

BUILT/RENOVATED

47,953/42,264

BUILDING GSF/RSF

41 stalls

ON-SITE PARKING

Judicial Council of California/ Superior Court of California

TENANTS

INVESTMENT HIGHLIGHTS » Long-term lease to State of California (Judicial Council of California) and occupied by the Sacramento Superior Court » 100% leased with significant, contractual annual rental increases » Strategic location in the heart of downtown Sacramento’s urban renaissance, adjacent to the Railyards » Substantially below market in-place rents, providing additional long-term NOI growth potential » Low purchase price per square foot relative to (i) comparable market sales, (ii) replacement costs and (iii) 2006 property sale price of $13.25M or $276 PSF » On-site parking (41 stalls), creating immediate additional revenue potential as well as a competitive advantage within the submarket (only 2 of 41 stalls being utilized)

HALL OF JUSTICE | 4

Made with FlippingBook - Online magazine maker