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Listed by Cornish & Carey Commercial
$ 3,370,000
Est. payment | /mo
23,143 SqFt
$ 3,370,000
Est. payment | /mo
23,143 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 23,143 sqft
Price per Sqft $145
MLS Listing ID ML82063130
HOA Y/N No
Year Built 1910
Lot Size 9,465 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
Property Description
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire the Booth Company Building, a fully stabilized,100% occupied mixed-use investment located at 1019-1025 Front Street in Old Sacramento, California. Offered at $3,370,000 and a highly attractive 7% Capitalization Rate, this premier investment opportunity is within the historic waterfront and its surrounding submarkets. Originally built in 1870 and registered as California Historical Landmark No. 607, the building has been meticulously maintained, professionally managed, and extensively remodeled from 1981 to the present day, effectively eliminating the near-term deferred maintenance or heavy capital expenditure typically associated with historic properties. From an investment perspective, the Booth Company Building offers an unmatched risk-adjusted yield and defensive cash flow structure within a highly stable submarket. Featuring a unique architectural layout of three stories over a full basement, the property commands199 feet of continuous frontage directly on Front Street, capturing maximum visibility across from the active waterfront. This prime location houses 4 long-tenured ground-floor retail tenants, and is paired with 7 unique apartment units both on the ground, second, and third floors.
Location
State CA
County Sacramento
Interior
Flooring Concrete, Hardwood
Fireplace No
Building
Water Public
Nearby Locations
1610 R Street, Sacramento, California 95811, United States