Available For Sale - Multifamily

294,248 SF | Show Pricing $

LISTED BY

Greg Diodati CCIM
RE/MAX Gold, 916-538-3399

AVAILABILITY DETAILS

Size
294,248 SF
Price/SF
Show Pricing $
Listing ID
SA526424
Notes
Permit Ready Development Opportunity - 336 Units!



Discover a prime development opportunity in Sacramento, California! This 9.39-acre commercial property presents a lucrative proposition for multifamily developers, with a proposed project of 336 multifamily units. The development emphasizes eco-friendly living and carbon-neutral design, seamlessly blending modern convenience with environmental responsibility.



Featuring an all-electric project, powered by solar panels, the units in this development aim to significantly reduce their carbon footprint. Green power through solar ensures sustainable. Furthermore, electric car charging stations will be provided on-site, promoting cleaner and more efficient transportation options.



The offering assumes a two phase development over a two year period. Cash flows from the first phase construction commences in year three with phase two cash flows being realized in year four. Thereafter, revenues are increased annually at a 3% rate.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Greg Diodati CCIM, RE/MAX Gold
BRE# 00831160