BUILDING SF: 46,478

OFFICE SF: 5,682

GRADE DOORS: 4 - 12’ x 14’

DOCK DOORS: 2 - 9’ x 10’

CLEAR HEIGHT: 28’ - 31’

COLUMN SPACING: 57’ x 50’

ZONING: M-1 Light Industrial

SPRINKLER DENSITY: ESFR

LOT SIZE: 2.68 acres (40% Coverage)

PARKING : 60 Passengers Stalls

FEATURES:

• Humidty controlled warehouse.

• Additional land available.

PROPERTY

DETAILS

CAP RATE: 6.82%SALE PRICE: $7,500,000 ($161.37/SF)

LEASED INVESTMENT

1050 RICHARDS BLVD | SACRAMENTO, CASTATE OF CALIFORNIA - OFFICE OF STATE PUBLISHING

The information contained herein is gathered from sources believed to be reliable. We cannot, however, guarantee its accuracy. All information should be verified prior to sale or lease.

buzzoates.com

• Concrete tilt-up construction

• 9/30/2023 lease expiration*

• Good freeway access

• Warehouse is insulated and humidity controlled

• Building is easy divisible

• Dock and grade level loading

• Priced below replacement cost

• Close promixity to Downtown, State Capitol, and Golden One Arena

*Tenant may terminale lease with 30 day notice after 9/30/19

ADDRESS:

PRICE:

NOI:

CAP RATE:

TOTAL NRA:

% LEASED:

TOTAL LAND:

ZONING:

1050 Richards Blvd

$7,500,000 ($161.37/SF)

$511,443

6.82%

46,478

100%

2.68 acres

M-1 Light Industrial

1050 Richards Blvd is a fully leased “Class A” industrial/flex building located near the

heart of downtown Sacramento, California. The property is 100% leased to the State of

California, Office of State Publishing (OSP).

OSP provides innovative printing and communication solutions through specialized

knowledge, statewide perspective, and coordinated public and private partnerships.

OSP has invested ±$3,270,000 in tenant improvements and is considering an additional

investment of ±$540,000. The building is located 1/4 mile from OSP Headquarters

and other nearby developments include Township 9, the Rail Yards Project, CHP

headquarters, and Golden One Arena.

The information contained herein is gathered from sources believed to be reliable. We cannot, however, guarantee its accuracy. All information should be verified prior to sale or lease.

buzzoates.com

The information contained herein is gathered from sources believed to be reliable. We cannot, however, guarantee its accuracy. All information should be verified prior to sale or lease.

buzzoates.com

TENANT

State of California

Gross Rental Income

Expense ReimbursementsTI Amortization**Gross Annual Income

Effective Gross Income

OPERATING EXPENSES

ManagementReal Estate TaxesAssessment BondsInsuranceCAMMaintenance & Repair ReserveTOTAL OPERATING EXPENSES

NET OPERATING INCOME

SF

46,478

46,478

3.00%

$/SF

1.21

1.214

0.000

1.269

$/SF

0.46

1.83

0

0.06

1.72

0.15

4.22

$/MO.

56,439

56,439

0

2,526

58,965

$/YR

21,227

85,000

0

2,750

80,000

6,972

$/YR

677,268

677,268

0

30,312

707,580

707,580

196,137

511,443

EXPIRATION

9/30/2023*$

$

$

$

$

$

$

$

$

$

$

$

$

$

**Amortization Complete on 9/30/19

*Tenant May Terminate Lease with 30 Days Notice After 9/30/19

GL

DG

LD

GL

DG

LD

DD

DD

N. 10TH STREET

RIC

HA

RD

S B

LVD

The information contained herein is gathered from sources believed to be reliable. We cannot, however, guarantee its accuracy. All information should be verified prior to sale or lease.

buzzoates.com

100% LEASED 46,478 SF BUILDING

GLD - 12’ x 14’ GRADE LEVEL DOOR DD - 9’ x 10’ DOCK DOOR

0.82 ACRES AVAILABLE

$450,000

SOLD SEPARATELY

ZONED C-4-SP(CANNOT BE SOLD

UNTIL 1050 RICHARDS HAS BUYER)

The information contained herein is gathered from sources believed to be reliable. We cannot, however, guarantee its accuracy. All information should be verified prior to sale or lease.

buzzoates.com

AM

ER

ICA

N R

IVER

SACRAMENTO

RAILYARDS PROJECT

SACRAMENTO

WATER TREATMENT

SACRAMENTO POLICE DEPT.

TO

WN

SH

IP 9

DOWNTOWN

SACRAMENTO

OF

FIC

E O

F

STA

TE

P

UB

LIS

HIN

G

GREYHOUND

BUS STATION

SACRAMENTO

SHERRIFF DEPT.

SMYTHE

ACADEMY

1050 RICHARDS BLVD

0.82 ACRES AVAILABLE$450,000

SOLD SEPARATELYZONED C-4-SP

(CANNOT BE SOLD UNTIL 1050 RICHARDS HAS BUYER)

*

CA

LF

OR

NIA

HIG

HW

AY

PA

TR

OL

CA

LF

OR

NIA

LO

TT

ER

Y

RICHARDS BLVD

N. 10

ST

RE

ET