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