7,352
Sq. Ft.
0.93
Acre Lot
Newmark, as the Exclusive Advisor, is pleased to present the opportunity to purchase 5250 Date Avenue. This 2-story multi-tenant office building was constructed in 1970 and is comprised of 7,350 square foot on a 0.93/acre parcel. The building is in immaculate shape, and the grounds are beautifully landscaped with mature trees and shrubs. This freestanding office building contains 10 office suites and is ideal for an investor looking to increase cash flow through lease up or an owner-user looking to occupy and expand into some of the vacant space. Current occupancy is approximately 50% between 5 tenants on short term leases. This vacancy was purposely done, as ownership is in the process of getting plans approved with the County of Sacramento to change the existing office use (LC-General Office) to multi-family (RD-20). This intent would convert the existing office building into 12 market rate apartment units (8-1/1s and 4-Studios), plus the opportunity to build an additional 6 units in a new building on existing land to the immediate east.
ML81960965
Commercial - Business Opportunities, 2 Story
1970
Sacramento
0.93
Acres
Public
2
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Courtesy: Kelly Rivett, Cornish & Carey Commercial
Agent Cell Phone: 916-569-2385
Agent License: 01249433
Office License: 00586119
Office Phone: 4087279600