2030 10th Street
Sacramento, CA 95818
- – beds
- – baths
- – sqft
- 9,601 sqft lot
- 2020 build
- – on site
The Southsider is one of the newest and most progressive mixed-use multifamily residential and retail buildings in Sacramento. Enjoying a high visibility location along 10th Street, the Southsider is a 4-story mid-rise project comprised of 21 residential units totaling 11,979 square feet and a ground floor restaurant measuring 2,734 square feet. The Property was constructed in 2021 and is currently 100% leased at market rents. The luxury residential units feature various studio, one-bedroom, and two-bedroom units all with open floor plans, spacious living areas, ample glass, and modern kitchen and bathrooms. 17 of the 21 units feature a 30 SF usable balcony. The entire ground floor retail space was recently leased to Thai Time, a new-to-market Thai restaurant that specializes in healthy and plant-based dishes. The retail lease is 7 years and 6 months long commencing September 1, 2023. The Southsider is being sold for $8,995,000 which equates to a 4.53% blended capitalization rate based upon actual income & OpEx. The buyer may assume the existing $5,800,000 loan, which is approx. 64% loan-to-value. The loan matures July 31, 2031 (more than 8 years left) with a current interest rate of 3.75% fixed for three more years.
Listing courtesy of METROLIST / Ken Turton, Broker
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Last updated Apr 29, 2024
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MLS# 224037627 —
Walk Score®
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Bike Score®
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Transit Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/29/24
Apr 29, 2024
|
Pending | METROLIST | $8,995,000 | |
4/15/24
Apr 15, 2024
|
Listed / Active | METROLIST | $8,995,000 |