Description
Investment opportunity at 8640 23rd Avenue, a recently renovated 72,000 SF industrial property located in Sacramento, California. Built in 1971 and upgraded in 2020, this Class B asset features 24-foot clear heights, 4 dock-high doors, 7 grade-level doors, and a robust 400-600 amp power supply with sprinklers in place.
The property delivers a stabilized net operating income (NOI) of $675,540 with in-place rents at $40,095, highlighting an opportunity for rent growth in alignment with current market rates. Situated in a core industrial market with proximity to major transportation hubs, the asset provides long-term upside through lease absorption and tenant diversification. Ideal for institutional investors seeking value-add opportunities in a well-located industrial asset.
Offering Summary
- Asking PriceUnpriced
- Property TypeIndustrial
- Size72,000 SF
- Available72,000 SF
- Occupancy0%
- Built1971
Sale Details
- NOI$675,540
- In-Place NOI$675,540
- In-Place Rents40,095
Documents
Property Address
Property Details
- Property Type
Industrial - Square Feet
72,000 SF - Available Space (SF)
72,000 SF - Occupancy
100% - Building Class
B - Year Built
1971 - Year Renovated
2020 - Clear Height
24 ft - Dock High Doors
4 - Grade Level Doors
7 - Sprinkler Type
Wet - Power Supply
400 A - 600 A - Zoning
M-2 (City of Sacramento) - Ownership Interest
Fee Simple
Deal Team
