5250 Date Avenue, Sacramento, CA 95841
Commercial property
Sold June 2024
Listing Agent: Kelly Rivett (DRE #01249433) · Listing Office: Cornish & Carey Commercial · Contact: 4087279600 · Bought with: Kelly Rivett · Cornish & Carey Commercial · MLS #ML81960965 · Source: CRMLS
About this commercial property
Newmark, as the Exclusive Advisor, is pleased to present the opportunity to purchase 5250 Date Avenue. This 2-story multi-tenant office building was constructed in 1970 and is comprised of ±7,350 square foot on a 0.93/acre parcel. The building is in immaculate shape, and the grounds are beautifully landscaped with mature trees and shrubs. This freestanding office building contains 10 office suites and is ideal for an investor looking to increase cash flow through lease up or an owner-user looking to occupy and expand into some of the vacant space. Current occupancy is approximately 50% between 5 tenants on short term leases. This vacancy was purposely done, as ownership is in the process of getting plans approved with the County of Sacramento to change the existing office use (LC-General Office) to multi-family (RD-20). This intent would convert the existing office building into 12 market rate apartment units (8-1/1s and 4-Studios), plus the opportunity to build an additional 6 units in a new building on existing land to the immediate east.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history