6531 Folsom Boulevard

Description

Rare covered land play opportunity in East Sacramento near CSU Sacramento. NNN leased commercial building with fully-entitled development project of 56 units or 66 student housing beds. Attractive income-producing retail/warehouse until redevelopment of the property. High-quality urban infill site on +/-.34 acres. Project is 6-story mixed use building with mix of 2-bed, 1-bed, studio apartments. Flexibility to be operated as either market-rate multifamily or student housing. Existing building is approx 4,960 SF 100% leased to single tenant, Jet Black Tint, on long-term NNN lease with ability for owner to terminate lease early, demolish the building, and start construction on apartments. Building consists of approx 1,800 SF showroom/office and 3,160 SF warehouse with roll-up door. Building features large glass window line, exposed trusses, corner visibility with monument signage, 14 parking stalls in an area with heavily-constrained parking availability. 6531 Folsom Blvd provides a developer an opportunity to acquire one of the most desirable sites available today walking distance to Sac State, retail, light rail, parks, grocery stores - with in-place cash flow until groundbreaking!