Only days apart, Sacramento Elite Patrol and Bottles & More both closed on separate warehouse deals to expand their businesses in the midst of a struggling economic recovery. One business acquired its very own office/warehouse building in South Sacramento totaling 9,266 sq.ft. with SBA loan financing, while the other jumped from a home based business operation into a 10,872 sq.ft. leased warehouse space in West Sacramento. Clearly, there are some bright spots in the market if you know where to look.
Gallery 2110 and the Sacramento Art Complex, located at 2110 K Street in Midtown Sacramento, has become well known as a gallery for diverse types of artists to both craft and display their wide-ranging works over the past seven years. Not only does the building offer up to twenty-six individual art studios, each with glass display windows, but it also facilitates four fully operational art gallery spaces. The primary gallery is located off the main entrance facing K Street. A smaller Gallery also exists in a second floor loft. Additionally, both the side yard and back patio facilitate the display of outdoor art and sculptures.
Not far from Midtown Sacramento, along Broadway in Oak Park, is a little known secret called T & R Taste of Texas Barbeque. Native born Texan pitmaster Rodney Ray opened T & R in August 2011 to a bevy of discriminating local patrons. After operating for three successful years out of bright yellow and red free-standing building at the corner of Broadway and 4th Ave, Ray’s dedicated following has accumulated 144 Yelp reviews with average 4 star rating and he sells out every day.
Almost three years ago an Australian investor acquired 6420 46th Street (14 unit apartments) in South Sacramento “site unseen” for $875,000 ($62,500 per unit / $70 per square foot). The property, built in 1990, was in good condition at the time of sale, but had been managed by a local owner for the previous nine years. Due to the hands on approach, average length of tenant occupancy was around four years at the time of sale (Nov 2011) and the landlord had been able to collect rents fairly well. The new, absentee owner, tried to manage the property from afar with local family assistance and quickly ran into trouble during the first six months. It was readily apparent that a professional management company needed to be called in to right the ship.
Click here for related article by the Sacramento Business Journal.
Locally owned Armstrong Plumbing has faithfully served Sacramento commercial and residential customers for 50 years. What better way to celebrate its golden anniversary than by acquiring its very own commercial building. The new facility, at 2551 Albatross Way, is only 1/3 mile away (as the crow files) from the company’s former location, just on the other side of Capital City Freeway (off El Camino Ave).
Brazilian Jiu-Jitsu (BJJ) has a certain following in Sacramento with approximately ten separate facilities spread throughout the area; yet North Sacramento has been under served… until now. This month, another BJJ operator will open its doors in North Natomas, but with one significant distinction. It will sport the Gracie family name.
Those familiar with BJJ will immediately recognize the value of this franchise, which started in 1914 when “a Japanese Jiu-Jitsu champion Esai Maeda migrated to Brazil, where he was instrumental in establishing a Japanese immigrant community. His efforts were aided by Gastão Gracie, a Brazilian scholar and politician of Scottish descent. As an expression of his gratitude for Gracie’s assistance, Maeda taught the Brazilian’s oldest son Carlos the essential secrets of the ancient martial arts technique. Carlos taught Maeda’s techniques to his four brothers, and in 1925 they opened the first Gracie Jiu-Jitsu academy in Brazil.”
Click here for related story by the Sacramento Business Journal.
Over the past seven years, Dwayne Jackson (Jackson Sports Academy) has leased multiple Sacramento area warehouse facilities in pursuit of growing his girls club volleyball franchise. Just over a year ago, this pursuit lead Jackson to McClellan Park, where Brian Jacks (East West Commercial Real Estate Broker) represented him for the 10-year lease of almost 75,000 square feet, which primarily houses 12 volleyball courts plus doubles for other sports and entertainment venues as well. It was always Jackson’s goal to one day expand to offer basketball and indoor soccer too. McClellan Park’s free-span hangars were the perfect solution with a sea of parking right out front. Now, with the opportunity to host basketball tournaments in connection with Matt William’s Jam On It Basketball Academy, Jackson Sports Academy and East West Commercial have secured an expansion that totals almost 200,000 square feet, making it the largest basketball facility in Northern California.
Click here for a press release by the Sacramento Sports Commission and related articles by the Sacramento Business Journal and News Radio KFBK. Click here for a news story by KCRA Channel 3 and video of Nike’s Elite Youth Basketball League Tournament held April 2014 at Jackson Sports Academy.
Korean style ramen dishes have gained significant popularity in recent years. According to articles by food critics in both the Sacramento Bee and Sacramento News & Review, Chuck Kim has created quite the stir. Restaurant critic, Blair Anthony Robertson, writes “this isn’t their first attempt at nailing the vital elements of blue-collar, elbows-on-the-table Korean cuisine. Nor is Korean-born chef and owner Chuck Kim a rookie with the Japanese side of his menu. He owned ramen and sushi restaurants in Berkeley for several years and, now that he’s in Sacramento, he has already carved out a mini-empire in a Howe Avenue strip mall (Sushi Hook in the same center is also his).”
Click here to read story about Ramen Hook expansion to University Mall in Davis by the Sacramento Business Journal.