About 3000 T Street
3000 T Street is an approx. 7,880 SF two-story office building situated at the corner of 30th and T Streets, just adjacent to the Business 80 on/off ramps. The building is comprised of ten small office suites ranging from 300-1,800 SF. The property is currently 55% leased to six month-to-month tenants paying an average rent of $1.16 PSF fully serviced, which is about $.50 PSF less than market rent for comparable office space. The property is a true value-add office investment whereby rents and occupancy can be increased with cosmetic improvements and active leasing strategies. The property can also accommodate an owner-user in all or a portion of the building upon closing. The building is situated on a 12,800 SF lot that extends from T Street to Tomato Alley with 160 feet of frontage along 30th Street. The proposed 2040 General Plan would change underlying zoning to Residential Mixed Use with a FAR of 4.0, which would allow a 52,000 SF building on the site. Therefore, the property is also a unique covered land play whereby carry costs are offset by the existing office building rent until construction and debt costs will allow a new development on the entire site. Priced at $1,275,000 which is $161 PSF on the building and $99 PSF on the land
Features of 3000 T Street
MLS® # | 223089784 |
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Price | $1,275,000 |
Acres | 0.29 |
Year Built | 1981 |
Type | Commercial Sale |
Sub-Type | Office |
Status | Pending |
Community Information
Address | 3000 T Street |
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Area | 10816 |
City | Sacramento |
County | Sacramento |
State | CA |
Zip Code | 95816-7274 |
Amenities
Utilities | Master Gas Meter,Master Water Meter |
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Parking Spaces | 20 |
Interior
Heating | Central |
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Cooling | Central |
Has Basement | No |
School Information
Attendance Zone | DAVID LUBIN ELEMENTARY SCHOOL, HIRAM JOHNSON HIGH SCHOOL, SUTTER MIDDLE SCHOOL |
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Additional Information
Zoning | Residential Office |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |