CW Net Plaza | 901-907 Howe Ave
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CW Net Plaza 901-907 Howe Ave
15,500 SF 100% Leased Retail Building Sacramento, CA 95825 $9,638,456 CAD ($622 CAD/SF) 6% Cap Rate
Investment Highlights
- Located adjacent to Howe ave providing high visibility
- Property has a number of established tenants
Executive Summary
High profile 15,500 square foot retail building in the Howe Arden Corridor one of the main arterials connecting hwy 50 to the south and I-80 to North in Sacramento California. This building is comprised of National Tenants such as Panera Bread, Blick Art, a high-end Medical Back Retail Store, and Darna which make up the synergistic tenant mix. This property is 100% leased NNN asset is a recognizable retail landmark in the Howe/Arden corridor. With its shared parking field, the property benefits from multiple ingress/egress access points on Howe Avenue and Northrop Avenue.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
15,500 SF
Building Class
B
Year Built
1965
Price
$9,638,456 CAD
Price Per SF
$622 CAD
Cap Rate
6%
NOI
$578,307 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.39
Land Acres
0.92 AC
Zoning
LC, Sacramento Cnty - Retail Zoning
Parking
55 Spaces (3.55 Spaces per 1,000 SF Leased)
Frontage
157 ft on Northrop Ave
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (87)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 285-0242-006 | Improvements Assessment | $2,400,504 CAD |
Land Assessment | $1,898,903 CAD | Total Assessment | $4,299,406 CAD |
PROPERTY TAXES
Parcel Number
285-0242-006
Land Assessment
$1,898,903 CAD
Improvements Assessment
$2,400,504 CAD
Total Assessment
$4,299,406 CAD
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CW Net Plaza | 901-907 Howe Ave
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