Sold
725 30th Street
Sacramento CA, 95816
$2,450,000
$162.42 per sqft
Sold
15,084 sqft
Commercial
Built in 1984
High profile value-add office investment in the heart of East Sacramento for sale. Approximate 15,000 square foot office building that is currently 95% leased to 13 office tenants between 500 and 3,000 square feet each. Building is situated on an approximate 19,334 SF parcel of land, which contains 38 on-site parking stalls (11 of which are covered). Average rent is $1.46 PSF, while avg. market rent is about $2.15 PSF (50% higher). Add immediate value with cosmetic upgrades and increasing rents. New TPO membrane roof installed in 2015 and other infrastructure is in good, working condition. Walk to McKinley Park, the Fab 40's, or Midtown. Located one block from Business 80 on/off ramps, providing easy access to most of Sacramento. Building is priced at $234 PSF, but it would cost no less than $375 PSF to build the same building today. Priced significantly below replacement cost!
221026656
MLSⓇ ID
March 9, 2024
Updated
Map
725 30th Street
Sacramento CA, 95816
Interior Features
Total Stories
2
Interior Features
Carpet
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.44 Acres
Sewer
Public Sewer
Other Property Details
Area Name
10816
Garage
No
View
No
County
Sacramento
Water Source
Public
Pool
No
Zoning
C-2-SPD
Buyer Agency Compensation
2%
Courtesy of Ken Turton, Broker, Jon Lang,
Listing Contact:
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