1807 Tribute Rd Sacramento, CA

May 24, 2024Available Properties, Sold Out Properties

Project Summary:

Sold Out – Located in Sacramento, California. More specifically, the property is strategically located on Tribute Road between Highway 160 and Exposition Boulevard, within the Point West community of Sacramento.

1807 Tribute Road is part of a 3-building industrial park consisting of 1803, 1805, and 1807 Tribute Road. The property is currently 90.60 percent occupied by 2-tenants on triple-net leases (no landlord expense responsibility). There is currently one vacant 1,000-square foot
suite offering upside upon lease up. Fully remodeled in 2013, the property is well-maintained with immediate access to Business 80 and Highway 160. Located at the Highway 160 and Business 80 eastbound on-ramp, the property is ideally
located for transportation to the greater Sacramento area

Notable Tenants:

Sac Dance Lab, Medspeed.

1807 Tribute Road is 90.60% occupied by two tenants on triple-net leases. Sac Dance Lab is the largest of the two tenants, occupying 64.9% or 7,720-square feet. Sac Dance Lab signed a 5-year triple-net lease in 2020 including 3% annual rental increase. Sac Dance Lab has expanded their square footage twice since moving and extended their lease term to 2028. Sac Dance Lab is Sacramento’s leader in commercial dance training from beginner to advanced levels.
With a focus on industry styles and professional dance advocacy, Sac Dance Lab is a unique, boundless place to train
for aspiring and professional dancers, while welcoming non-professional enthusiasts. Classes are taught by dance
industry leaders including NFL, NBA, and commercial choreographers from around the nation. The remaining occupied
space (26.7% or 3,181-square feet) is leased to MedSpeed. MedSpeed signed a 5-year triple-net lease in January of
2022 that includes 4% annual rental increases starting in April of 2024. The lease includes one 3-year option to renew
at FMV, but not less than the last rental rate. MedSpeed is a healthcare delivery/courier service with locations across
the nation. MedSpeed operates in Sacramento to service the Kaiser medical facilities in the greater Sacramento Area.

 

Project Brochure
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