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Online Auction July 27-29th - 5945 Palm Drive, Carmichael, CA 95608

Online Auction July 27-29th - 5945 Palm Drive, Carmichael, CA 95608

OWNER USER OFFICE / FLEX BUILDING

STARTING BID $500,000 JULY 27-29TH, 2020

5945 PALM DR, CARMICHAEL, CA


Auction website https://www.ten-x.com/commercial/listing/5945-palm-dr-carmichael-ca-95608/1000013307/


PROPERTY INFORMATION

HIGHLIGHTS

  • Rare Owner-User Mixed-Use building on 1.20 acres in the heart of Carmichael, central to all retail
  • Approximately 10 minutes from Highways 1-80 and 1-50, 11 miles from downtown Sacramento
  • Vacant Building, Renovated 2013, new roof 2017 (transferable 20 yr warranty)
  • Conditioned expanded warehouse, dock-high and grade loading
  • ADA accessible restroom includes shower facilities and a mini locker room
  • The building is constructed with concrete block exterior walls
  • Large secure fenced parking area, abundant onsite parking

Detailed Description

5945 Palm Drive is a single-story flex office building remodeled in 2013 (new 25-year roof in 2017 with transferable warranty), and total's 12,662 square feet situated on a secure fenced and paved parcel of approximately 1.2 acres. Abundant onsite parking 4:1000 (54 spaces). Built out primarily as offices with rear conditioned warehouse, including dock-high and grade level loading, and a secure fenced and paved yard. The building was fully remodeled in 2013 and provides above standard improvements and ceiling heights.

Central location, in the heart of Carmichael, close to all retail, approximately 10 minutes from Highways 1-80 and 1-50. The Carmichael/Fair Oaks/Citrus Heights submarket, one of eight distinct geographic concentrations within Sacramento, contains 3.4 million market rate rental square feet, or 7.5% of the metro's total inventory of office space. In the ten-year period beginning with Q2 2010, new additions to the submarket totaled 60,000 square feet, while 32,000 square feet were removed by developer activity.

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