$4,795,000
721 9th St, Sacramento, CA 95814
0 Beds
0 Baths
14,130 sqft

Share

   
OR
Photos
Map
Need help calculating monthly payments on this home? Estimate your mortgage here.
powered by CINC
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
  • Price:
  • $4,795,000
  • Square Footage:
  • 14,130
  • Acreage:
  • 0.12
  • Year Built:
  • 1979
  • Listing ID #:
  • 222006708
  • Street Address:
  • 721 9th St
  • City:
  • Sacramento
  • State:
  • California
  • Postal Code:
  • 95814
  • County:
  • Sacramento
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Construction Type:
  • Masonry
  • Features:
  • 1 Restroom Per Unit, Conference Room, Restroom(s)-Private, Elevator(s)
  • Flooring:
  • Carpet
  • Office Square Footage:
  • 14130
  • Square Footage Source:
  • Broker
  • Stories:
  • 3
  • Total Building Square Footage:
  • 14130
  • Type Of Roof:
  • Flat
  • Year Built:
  • 1979
  • Year Built Source:
  • Owner
  • Year Renovated:
  • 1905
  • Business Type:
  • Commercial
  • Approximate Lot Size Range Source:
  • Assessor Auto-Fill
  • Conforms To Zoning:
  • C-3-Spd Central Bus District
  • Lot Square Footage:
  • 5118.00
  • Originating Mls:
  • Mls Metrolist
  • Tenant Pays:
  • Electricity, Gas
  • Parking Description:
  • Offsite
  • Cooling System:
  • Central
  • Electricity:
  • Separate Electric Meter
  • Existing Water:
  • Public
  • Heating:
  • Central
  • Sewage Type:
  • Public Sewer
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided by Jon M. Lang of Ken Turton (: 01934934)
  • SACRA

Similar Properties

Image Unavailable
$4,385,000
Virtual Tour
500 J St Unit 1801, Sacramento, CA 95814
2,944 Sq Ft
3 Beds | 3 Baths
SACRA Listing Provided by Michael S. Onstead of Coldwell Banker Realty (: 01222608)
PENDING
Image Unavailable
$4,995,000
9132 Gerber Rd, Sacramento, CA 95829
-- Sq Ft
-- Beds | -- Baths
SACRA Listing Provided by David W Ohara of Berkshire Hathaway Homeservice (: 00960824)
PENDING
Image Unavailable
$4,950,000
Virtual Tour
630 Laurel Drive, Sacramento, CA 95864
10,000 Sq Ft
6 Beds | 9 Baths
SACRA Listing Provided by Cindy M. Gavrilov of Vinipote Real Estate Srvs Inc (: 02014334)
ACTIVE