Seller Financing Available | 515 Michigan Blvd
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Seller Financing Available 515 Michigan Blvd
3,707 SF Office Building West Sacramento, CA 95691 $1,296,318 CAD ($350 CAD/SF)
Investment Highlights
- Seller Financing Available
- The building features a contemporary design and is setup for immediate occupancy and can be split into separate floors
- Fully gated parking lot with ample parking for staff and clients.
- Easy access to downtown Sacramento and Highways 50 & 80.
Executive Summary
High identity, two story office building on its own parcel of land, located on the corner of Jefferson Blvd and Michigan Blvd, in West Sacramento, CA. Central Business Zoning allowing for a range of permitted uses including office, residential, retail, restaurant, assembly uses, veterinary clinic, convenience store, artisan manufacturing and more. Check with the city regarding your proposed use. Currently built out as a medical office with plumber examination rooms on each floor, two ADA restrooms on each floor and a stair lift for handicap access to the upper level. 17 parking spots on a paved, fenced and gated parking lot. Easy access to highway 80. Available for sale or lease.
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$119,928
|
$32.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,928
|
$32.35
|
| Taxes |
$13,579
|
$3.66
|
| Operating Expenses |
$4,635
|
$1.25
|
| Total Expenses |
$18,214
|
$4.91
|
| Net Operating Income |
$101,714
|
$27.44
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,928 |
| Annual Per SF | $32.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,928 |
| Annual Per SF | $32.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,579 |
| Annual Per SF | $3.66 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,635 |
| Annual Per SF | $1.25 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,214 |
| Annual Per SF | $4.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $101,714 |
| Annual Per SF | $27.44 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,707 SF
Building Class
C
Year Built
1986
Price
$1,296,318 CAD
Price Per SF
$350 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,854 SF
Slab To Slab
10’
Building FAR
0.22
Lot Size
0.38 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
17 Spaces (4.59 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Central Heating
- Drop Ceiling
- Wi-Fi
- Air Conditioning
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Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 008-140-081-000 | Total Assessment | $1,098,907 CAD (2023) |
| Land Assessment | $234,434 CAD (2023) | Annual Taxes | $13,579 CAD ($3.66 CAD/SF) |
| Improvements Assessment | $864,474 CAD (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
008-140-081-000
Land Assessment
$234,434 CAD (2023)
Improvements Assessment
$864,474 CAD (2023)
Total Assessment
$1,098,907 CAD (2023)
Annual Taxes
$13,579 CAD ($3.66 CAD/SF)
Tax Year
2022
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Seller Financing Available | 515 Michigan Blvd
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