$500,000
For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 06/05/2023
Key Details
Sold Price $500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41005301
Sold Date 06/05/23
HOA Y/N No
Year Built 1958
Lot Size 8,712 Sqft
Property Description
NNN investment with 5 year lease at $3,000/month. 6.0% cap rate! Commercial retail property and current location of Sacramento Smog & Auto Repair. The property was built in 1958 and offers approximately 2,180 square feet of rental space and sits on a 8,670 square foot lot with room for ample parking. The property is being offered with an absolute NNN lease with 5 years term and 2.5% annual rent increases. The owner/tenant will be responsible for all expenses including property tax, interior and exterior maintenance, insurance, and all utilities. All deferred maintenance has been addressed resulting in a stress-free, turn-key, property with zero management responsibilities.
Location
State CA
County Sacramento
Interior
Fireplace No
Exterior
Total Parking Spaces 20
Others
Tax ID 2230110046000
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with David Howarth • The Pinza Group, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States