Available For Sale - Retail , Multifamily

13,000 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
13,000 SF
Price/SF
Show Pricing $
Listing ID
SA461113
Notes
Historic Sutton Building at the gateway to Downtown Vallejo. This iconic property consists of 17 studio apartments over six retail stores. There are laundry facilities and storage rooms available to the tenants. The property is 100% occupied. For a overview of the property and video visit our building website at: https://suttonbuildingvallejo.com/



The current owner has spend over $800,000 in renovations above normal maintenance since purchase in 2011. Long term tenants for both retail and apartments. No rental problems during covid.



Cap rate based on current income and projected taxes is 5.6% There is a

significant upside in rents as most have not been raised in over 5 years.
Uses
Retail
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
Gary Gustafson, SVN | MG Property Advisors, Inc.
BRE# 00414569