This property is Off-Market

2020 Hurley Way
Sacramento, CA 95825 ·

60,641 SF · Office For Sale

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2020 Hurley Way

Price N/A No. Stories 2
Building Size 60,641 SF Building Class B
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1977
Property Use Type Investment Lot Size 2.74 AC
Cap Rate 7% Parking Ratio 4.01 / 1,000 SF
Occupancy 97%
Listing ID: 14514552 Date Created: 02/23/2006 Last Updated: 07/17/2006

Description

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.

Highlights

  • 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

Research

2020 Hurley Way, Sacramento, CA 95825 (Sacramento County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Sacramento Market Trends - Asking price index trends, sale price trends, asking rent trends

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