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6421 Martin Luther King Jr Blvd, Sacramento, CA 95823

6421 Martin Luther King Jr BlvdPresented By:Applied Commercial

Price: $1,775,000

Heavy Day time traffic

Close to Freeway

Next to major brand gas station

View the full listing here: https://www.loopnet.com/Listing/6421-Martin-Luther-King-Jr-Blvd-Sacramento-CA/20280885/

Price: $1,775,000

Property Type: Retail

Property Subtype: Freestanding

Building Class: B

Sale Type: Investment or Owner User

Cap Rate: 8.39%

Lot Size: 0.50 AC

Gross Leasable Area: 7,500 SF

Sale Conditions: Regular, 1031 Exchange

No. Stories: 1

Year Built: 2005

Tenancy: Multiple

Parking Ratio: 3.2/1,000 SF

Zoning Description: TC

APN / Parcel ID: 039-0031-007


Property Details

6421 Martin Luther King Jr Blvd

https://www.loopnet.com/Listing/6421-Martin-Luther-King-Jr-Blvd-Sacramento-CA/20280885/

Major Tenant Information

Tenant SF Occupied Lease ExpiredClothings &Accessories

1,250 September 2025

Fresh LinesBarbershop

1,250 December 2024

House of Que 1,250 November 2024

Kings Market 1,250 October 2022

MetroPCS 1,250 August 2020

Taylor's Coin Laundry 1,250 December 2024




Location


IMG_0340 Building


Property Photos


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IMG_0343 Plat Map


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Team Singh is proud to present, High Cap Rate Investment Property, priced to sell. Commercial retail center as of

September 2020. Metro PCS will be moving out. the property is leased at 83 percent even after that, 1 unit (Metro PCS)

is vacant. The Seller is in negotiation to put another nationwide franchisee in the vacant unit. Four (4) of the five (5)

leased unit has leases at 5 percent increase every year. Close to freeway and on a major street. At this price currently, it

is at 8.25 percent cap rate. Total sq. ft. of the building is 7,500 and each unit is at 1,250 sq. ft. Seller pays only for

garbage at $300.00 per month and Property Tax, tenants pays for all their utilities. Seller is motivated.

Ujjal Singh [email protected](916) 995-9754 DRE# 01981870

Applied Commercial3461 Fair Oaks Blvd, Suite 125Sacramento, CA 95864 CORP DRE# 01937943



mailto:[email protected]


Number of Tenants: 6 Current Occ % 100.0%

Total Rentable SF: 7,500 Ann Rent Rev 176,400.00$

Rent Roll as of: 12/11/2019 Wtd Avg Rent /SF 23.52$

Suite Tenant Annual Rent Roll Notes TenantNumber or Name Size % of Annual Base Rent % of Lease Lease Lease Term In Category

Floor (SF) NRSF Rent PSF Total Type Commence Expiration (mos.) Term?101 Metro PCS 1,250 16.67% $ 26,400.00 21.12$ 14.97% Gross 09/01/16 08/31/20 M2M No Moving out Retail102 Restaurnat 1,250 16.67% $ 31,200.00 24.96$ 17.69% Gross 01/01/20 12/31/24 60 Yes 5% increase/ yr Restaurant103 Kings Market 1,250 16.67% $ 36,000.00 28.80$ 20.41% Gross 11/01/17 10/31/22 60 Yes No increase Retail104 Clothing Store 1,250 16.67% $ 27,600.00 22.08$ 15.65% Gross 10/01/20 09/30/25 60 Yes 5% increase/ yr Retail105 Barber Shop 1,250 16.67% $ 26,400.00 21.12$ 14.97% Gross 01/01/20 12/31/24 60 Yes 5% increase/ yr Retail106 Laundromat 1,250 16.67% $ 28,800.00 23.04$ 16.33% Gross 10/01/219 09/30/24 60 Yes 5% increase/ yr Retail

7,500 100.00% 176,400.00$ 23.52$ 100.00%Totals

Size Lease Terms

Commercial Rent Roll

Cash Flow Anaylsis

Status Active

Proforma with Boost Current with MetroPCS

Property Address 6421 Martin Luther King 6421 Martin Luther King

City Sacramento Sacramento

Asking 1775000 1775000

Deal-Price Paid 1775000 1775000

Gross Income

Monthly Rent 15000 14700

Annualized 180000.00 176400.00

Other Income

Total Gross 180000.00 176400.00

Less Vacancy

Effective Gross Income 180000.00 176400.00

Expenses

Taxes 19880.00 19880.00

Insurance 4000.00 4000.00

Water/Sewer 0.00 0.00

Garbage 3600.00 3600.00

Electricity 0.00 0.00

Mortagate Ins 0.00 0.00

Advertising 0.00 0.00

Supplies 0.00 0.00

Maintenance 1200.00 0.00

Snow Removal 0.00 0.00

Pest Control 0.00 0.00

Management 0.00 0.00

Accounting 0.00 0.00

Miscellaneous 0.00 0.00

Total Expenses 28680.00 27480.00

NOI 151320.00 148920.00

CAP 8.53% 8.39%

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