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2020 Hurley Way
2020 Hurley Way, Sacramento, CA 95825
60,641 SF | Office
Office Property - Off Market
- Building Size:
- 60,641 SF
- Property Type:
- Property Sub-type:
- Office Building
- Property Use Type:
- Cap Rate:
- No. Stories:
- Building Class:
- Year Built:
- Lot Size:
- 2.74 AC
- Parking Ratio:
- 4.01 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- 97% Leased Stabilized Investment with Upside & Increases
- 35 Tenant Rent Roll; No Tenant More Than 7% Of Income
- Extensively Renovated; New Roof; Significant Upgrades
- Located in Historically Strong Office Market; High Density Area
- Central & Convenient Location; Minutes of Downtown & Regional Mall
- Ease of Ownership, Management and Leasing
The offering provides an investor an opportunity to acquire a nearly fully leased, newly renovated multi-tenant office building in Sacramento. The property represents an attractive investment opportunity for several reasons; most notably, the diverse and considerable size of it's rent roll make it one of the most stabilized investments available in today's market. Few office investments boast 97% occupancy of 35 tenants, with no single tenant representing more than 7% of the property income.
The two-story, elevator served, atrium style building features waterfalls and multiple ponds that contain nearly 80 koi fish which add to the ambiance of the property. Tenants enjoy a fitness center, conference room and lunch room for common use. The building is lushly landscaped. The floor-to-ceiling exterior windows make up the building exterior walls, which dovetails nicely with the landscaping and water element, giving the property a feng-shui appeal. These reasons help make it one of the more recognized and well-known office locations in Sacramento. Best of all, many of the existing tenants are paying below market rents offering significant upside to a savvy investor on renewal leases.
Located in a historically strong office market along the Howe Avenue Corridor the property lies within 5 miles from downtown Sacramento. It sits in a densely populated area that includes a healthy mix of upscale retail, office and housing uses. A few miles from both Interstate 80 and Highway 50, the property offers commuters convenient access to all parts of Sacramento.
The building shares a property line with the national chain restaurants of TGIF's and Bucca de Beppo. A major regional mall and several hotels are within the immediate neighborhood surrounding the building.
The property's central location and dense population, dovetails nicely with the synergetic retail to make 2020 Hurley an excellent place to work, lending to it's well known status within Sacramento.
Map of 2020 Hurley Way, Sacramento, CA 95825 (Sacramento County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO