$500,000
$599,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 06/05/2023
Key Details
Sold Price $500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41005301
Sold Date 06/05/23
HOA Y/N No
Year Built 1958
Lot Size 8,712 Sqft
Acres 0.2
Property Description
NNN investment with 5 year lease at $3,000/month. 6.0% cap rate! Commercial retail property and current location of Sacramento Smog & Auto Repair. The property was built in 1958 and offers approximately 2,180 square feet of rental space and sits on a 8,670 square foot lot with room for ample parking. The property is being offered with an absolute NNN lease with 5 years term and 2.5% annual rent increases. The owner/tenant will be responsible for all expenses including property tax, interior and exterior maintenance, insurance, and all utilities. All deferred maintenance has been addressed resulting in a stress-free, turn-key, property with zero management responsibilities.
Location
State CA
County Sacramento
Interior
Fireplace No
Exterior
Total Parking Spaces 20
Others
Tax ID 2230110046000
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Bought with David Howarth • The Pinza Group, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "