Investment Highlights

100% LEASED MULTI-TENANT PROPERTY
» 100% leased multi-tenant property with scheduled rental increases, providing a hedge against inflation
» Long-term leases to notable tenants with strong financials
» Rare NNN leases, requiring minimal Landlord management
» Exceptional quality construction, with new roof (initial 20-year warranty)
» Investment includes two separate parcels, providing long-term flexibility with potential development opportunities
» Rare on-site parking (56 stalls), creating additional revenue with rental increases as well as a competitive advantage within the market
» Substantially below market rents, providing long-term NOI growth

CENTRAL LOCATION IN POPULAR R STREET CORRIDOR
» Excellent location in the R Street Corridor, one of Sacramento’s trendiest neighborhoods adjacent to the Ice Blocks
» Directly next to the Warehouse Artist Lofts (WAL), a 116-unit mixed-income community for artists, which anchors the R Street Corridor
» Nearby tenants include trendy restaurants, bars, and entertainment venues
» Near new developments, including several new apartment communities, a farm-tofork neighborhood market, and the Ice Blocks, a mixed-use development—60k SF retail, 50K SF office, and 150 high-density urban residential units, Market 5-One-5 (new urban Raley’s Supermarket)

DOWNTOWN LOCATION WITH ROBUST DEMOGRAPHICS
» Located within the Downtown Sacramento core and within walking distance to the California State Capitol, DOCO, and the newly constructed Golden 1 Center, home of the NBA’s Sacramento Kings
» Convenient access to three of the region’s largest freeways: Interstate 5 (193,400 AADT), Highway 50 (260,000 AADT), and Highway 99 (231,700 AADT)
» Robust demographics, with 344,037 residents living and 285,919 daytime employees working within a five-mile radius

Property Description

SOLD

The property is strategically located on R Street, in the center of Sacramento’s R Street Corridor. A former rail-based industrial activity hub, the R Street Corridor has transitioned into a vibrant destination for Sacramento artists, retailers, and restauranteurs. The district is emerging as one of the city’s trendiest, drawing a predominantly young crowd to the restaurants, coffee shops, bars, and salons that are transforming the R Street Corridor into a transit-oriented, mixed-use development district with an arts-and-culture focus. The property is directly next to the Warehouse Artist Lofts, also known as WAL, a 116-unit mixed-income community for artists, located in a renovated historic warehouse. Other notable tenants in the area include trendy restaurants, bars, and entertainment venues, including long-standing Sacramento staples like Fox and Goose, Ace of Spades, and Old Ironsides. The property is near R Street Market, anchored by Safeway, the only full-service grocery store in the central city. The property is also close to a number of development projects, including several new apartment communities, a farm-to-fork neighborhood market, and the Ice Blocks, a mixed-use development featuring retail, residential, and office space.

The property is centrally located less than a mile from downtown Sacramento, the California State Capitol, and the newly constructed Golden 1 Center, home of the NBA’s Sacramento Kings. The property is also close to three of the region’s largest freeways—Interstate 5 (193,400 AADT), Highway 50 (260,000 AADT), and Highway 99 (231,700 AADT)—as well as major community amenities, like the 627-bed UC Davis Medical Center, and notable schools, including California State University Sacramento (30,670 students) and Sacramento City College (23,680 students). Additionally, the property is located in a densely populated area near major employment centers; in total, 344,037 residents live and 285,919 daytime employees work within a five-mile radius of the property.