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North Point Business Park

300 Harris Ave, Sacramento, CA 95838
Available Now
36 views
FOR SALEIndustrial / Flex Space
Cap Rate
5.95%
Building Size
54,315SF
Lot Size
2.78Ac
Year Built
1983
Occupancy
91%
Currently Leased
No
Listing Contacts
First Vice President

More property details

Investment
Value Add
Broker Co-op
Yes
No of Buildings
5
No of Stories
1

Features & amenities

Location Amenities
Airport

Location

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North Point Business Park
About the location

The Moroz Drake Group of Marcus & Millichap has been exclusively engaged to market the sale of North Point Business Park, a five-building office/flex complex located in Sacramento’s highly sought-after Natomas/Northgate industrial submarket. Built in 1983, the property encompasses approximately 52,365 square feet across five separate parcels and is currently about 90–91% occupied by a diverse tenant base.The asset offers significant value-add potential through its predominantly short-term, modified gross leases, creating opportunities to transition tenants to NNN lease structures and increase rents to market levels. The separate parcel configuration also provides investors with flexible exit strategies, including the option to sell individual buildings or the entire portfolio.Ideally positioned with immediate access to Interstate 80, the property is just minutes from Downtown Sacramento and Sacramento International Airport, benefiting from strong regional connectivity. The Sacramento industrial market continues to demonstrate solid fundamentals, supported by low vacancy, healthy leasing activity, limited new supply, and favorable rent growth prospects.

Location highlights
  • Value-Add Multi-Tenant Industrial Park: Separate parcels provide flexibility for future sales or exit strategies
  • Short-Term Lease Profile: Weighted Average Lease Term (WALT) of 2.88 years creates opportunities for near-term rental growth and value enhancement
  • Fully Occupied: 100% leased to a diverse mix of tenants, ensuring stable cash flow
North Point Business Park
54,315 SF · industrial · United States · CA