Following marketing efforts from multiple national brokerage firms, Turton Commercial Real Estate took over the sale listing at 6531 Folsom Boulevard and has successfully completed the sale of the asset, navigating less than ideal market conditions. The Property, which consists of an approximately 4,960 SF warehouse on a 15,000 square foot corner parcel in East Sacramento, was sold for $1,200,000.00, equating to pricing of $242 per building SF or $80 per land SF. Ken Turton and Jack Scurfield represented the Seller, while Patrick Stelmach represented the Buyer. – May 2024

Turton Commercial Real Estate is pleased to offer for sale or lease 6531 Folsom Blvd. (the “Property”), as a prominent retail, owner-user, or development opportunity along a hard corner on Folsom Blvd. The Property is being offered for sale at $1,375,000.00, equating to a price per square foot of $277 on the building and $92 per square foot on the land, or for lease at a rate of $1.50 per square foot (triple-net). The 15,000 square foot parcel boasts 100 feet of street frontage along Folsom Blvd., ample parking, and a 4,960 SF retail building consisting of an approximately 1,800 square foot showroom and 3,160 square foot dedicated warehouse space with a roll-up door to alleyway access. Built in 1966, the Property features a glass showroom window line, exposed trusses throughout the warehouse, and corner visibility with monument signage. Additionally, the Property currently has 4 separate utility meters, allowing for the ability to demise the approximately 3,160 SF warehouse space and create three new retail suites, complimenting the showroom space, to lease up and create a stable retail investment supported by hundreds of new apartment units and nearby student housing.

Aside from the opportunities presented in the existing 4,960 SF building, the site also lends itself well as a mixed-use development play with flexible Residential Mixed-Use zoning in place. Preliminary conversations with the City indicate a project of up to four stories is feasible, with ground floor retail and residential units (potentially student housing) above. Just across the street is a prime example at 6601 Folsom Blvd., which is a 19,039 SF parcel that recently produced a three story mixed-use development in 2016, with 10 luxury residential units and two ground floor retail units. That neighboring property now has an assessed value of approximately $6,200,000.00. 6531 Folsom is primed to take advantage of the growing demand for student housing in the area, with over 300 residential units in less than a one block radius of The Property, and several more developments proposed thanks to Sacramento State’s growing student body of over 30,000 students. Don’t miss this opportunity to invest or lease in a blossoming submarket, for your own business location or Folsom Boulevard’s newest prominent development.