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Investment Highlights
- ?In the heart of Sacramento's Central Business District and part of the bustling, vibrant R Street Corridor
- Alternatively, the site would be perfect for a multi-housing and/or mixed use project given the parcel size and remarkable location.
- Walking distance to Downtown Commons, Golden 1 Center, State Capitol, Sacramento Convention Center, the SAFE Credit Union Performing Arts Center
- ?±13,919 sq. ft. building with meaningful on site parking is ready for a new owner and its next chapter.
- ?Versatile RMX-SPD zoning
- Incredibly convenient public transit: Regional Transit light rail station at 13th & R and RT bus stop at 9th & Q
Executive Summary
As exclusive advisors CBRE is pleased to offer for sale a ±13,919 square foot owner-user office building located on ±22,076 square feet of land on S Street between Eighth and Ninth Streets in Sacramento’s Central Business District.
The prominent location affords quick and easy access to both Midtown and all parts of the CBD. It represents an ideal opportunity for an owner-user to acquire a high quality new home for their business in the middle of the retail, residential and governmental developments that make Sacramento’s downtown such a lively, desirable place to be.
For several years Downtown and Midtown have been experiencing robust growth in the development of residential and mixed-use projects. The hybrid work model set in motion a population shift as highly-paid technology workers and others emigrated from the Greater Bay Area to take advantage of Sacramento’s more relaxed and affordable lifestyle.
The centrally located site is only a few blocks from the State Capitol, Downtown Commons, Golden 1 Center, the newly expanded Sacramento Convention Center and SAFE Credit Union Performing Arts Center. It is within walking distance of every major downtown office building, most State of California office buildings, abundant shopping venues, and a plethora of dining opportunities ranging from fast/casual to white linen tablecloth.
The property is being offered at $3,500,000 which equates to $251 per square foot of net rentable area and $159 per square foot of land. Ample on site parking and easily reconfigurable, open interior architecture add to the Subject’s desirability.
Expressions of interest should be directed to Randy Getz or Tony Whittaker whose contact information is set forth on page three of the offering memorandum.
The prominent location affords quick and easy access to both Midtown and all parts of the CBD. It represents an ideal opportunity for an owner-user to acquire a high quality new home for their business in the middle of the retail, residential and governmental developments that make Sacramento’s downtown such a lively, desirable place to be.
For several years Downtown and Midtown have been experiencing robust growth in the development of residential and mixed-use projects. The hybrid work model set in motion a population shift as highly-paid technology workers and others emigrated from the Greater Bay Area to take advantage of Sacramento’s more relaxed and affordable lifestyle.
The centrally located site is only a few blocks from the State Capitol, Downtown Commons, Golden 1 Center, the newly expanded Sacramento Convention Center and SAFE Credit Union Performing Arts Center. It is within walking distance of every major downtown office building, most State of California office buildings, abundant shopping venues, and a plethora of dining opportunities ranging from fast/casual to white linen tablecloth.
The property is being offered at $3,500,000 which equates to $251 per square foot of net rentable area and $159 per square foot of land. Ample on site parking and easily reconfigurable, open interior architecture add to the Subject’s desirability.
Expressions of interest should be directed to Randy Getz or Tony Whittaker whose contact information is set forth on page three of the offering memorandum.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
13,919 SF
Building Class
C
Year Built
1984
Price
$3,500,000
Price Per SF
$251.45
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,959 SF
Slab To Slab
10’
Building FAR
0.66
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
RMX-SPD - Residential Mixed Use/Special Planning District
Parking
10 Spaces (1 Spaces per 1,000 SF Leased)
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Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,449,848 | |
| Land Assessment | $1,591,812 | Total Assessment | $4,041,660 |
Property Taxes
Parcel Numbers
Land Assessment
$1,591,812
Improvements Assessment
$2,449,848
Total Assessment
$4,041,660
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