Land For Lease • 1+ SF
Name | Space Use | Size | Rent | Details |
---|---|---|---|---|
Unkwn Floor Ste | - | 0.77 AC | Rate Upon Request | |
$0.50 Per SF per Month
|
Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to lease The Alhambra Block (the “Property”), four parcels totalling ± 33,689 square feet located adjacent the Capital City Freeway along East Sacramento’s busiest thoroughfares. The Property is being offered at a lease rate of $.50 per square foot (SF) per month representing a developer cost of 4.5% on estimated land value of $100/SF. This developer cost is approximately 50% of current land/construction lending rates. Within blocks of all four major hospitals the Alhambra Block provides an ideal location for multiple development applications including medical, hospitality, multi-family and senior housing. The site is further benefitted by immediate egress and ingress to Interstate 50 and 80 and directly adjacent to L Street and 2 blocks south of J Street, the two major east west corridors to Sacramento’s Midtown and Downtown submarkets. Further benefitted by an idyllic location nestled between a myriad of East Sacramento’s most desirable eateries and cafes and one block from a Safeway grocery, the Alhambra Block is arguably the most desirable development opportunity in the Sacramento Region.
Most economically feasible development opportunity in NorCal |
Best development opportunity in the Sacramento Region |
SPD zoning allows for medical, hospitality, multi-family, retail and office |
High density FAR of up to 6:1. |
$0.50 per SF per month - 4.5% land lease rate 40% less than current interest rates |
Surrounded by all four major hospitals |
Transit/Subway | Drive | Walk | Distance |
---|---|---|---|
29Th Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT)) | 1 min | 10 min | 0.5 mi |
23Rd Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT)) | 2 min | 19 min | 1.0 mi |
39Th Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT)) | 2 min | 20 min | 1.0 mi |
Airport | Drive | Walk | Distance |
Sacramento International | 20 min | - | 13.0 mi |