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: 6.5%SALE PRICE: $7,700,000 ($165.67/SF)

LEASED INVESTMENT1050 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.

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• 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

$7,700,000 ($165.67/SF)

$497,651

6.5%

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

TENANT

State of California

Gross Rental IncomeExpense ReimbursementsTI AmortizationGross 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

1.188

1.188 0.000

1.243

$/SF

0.45 1.83

0 0.06 1.72 0.15 4.21

$/MO.

55,238

55,238 0

2,526 57,764

$/YR

20,795 85,000

0 2,750

80,000 6,972

$/YR

662,856

662,856 0

30,312 693,168

693,168

195,517

497,651

EXPIRATION

9/30/2023*$

$$

$

$

$

$

$

$

$

$

$

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

GLD

GLD

GLD

GLD

DD

DD

N. 10TH STREET

RICHARD

S BLVD

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 ACRESAVAILABLE

$357,192 SOLD

SEPARATELY

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

AMERICAN RIVER

SACRAMENTO RAILYARDS PROJECT

SACRAMENTO WATER TREATMENT

SACRAMENTO POLICE DEPT.

TOW

NSH

IP 9

DOWNTOWN SACRAMENTO

OFF

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OF

STAT

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BLIS

HIN

G

GREYHOUNDBUS STATION

SACRAMENTOSHERRIFF DEPT.

SMYTHEACADEMY

1050 RICHARDS BLVD

*0.82 ACRESFOR SALE: $357,192(SOLD SEPERATELY)

*

CA

LFO

RNIA

H

IGH

WAY

PAT

ROL

CA

LFO

RNIA

LO

TTER

Y

RICHARDS BLVD

N. 1

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