Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1973
Building Area Net
Occupancy 94.0 %
Call for Offers

Asset Description

  • A LEED Gold and Class A Irreplaceable Office Investment Opportunity in Downtown Sacramento
  • Rentable Area (BOMA 2010) 168,844 SF
  • Stories 13+ Lower Level
  • Occupancy 94%
  • WALT 4.7 Years
  • Investment Grade Tenancy 63%
  • Ownership Investment $4.1 Million
  • Year Built / Renovated: 1973 / 1997 / 2019
  • Parking 1.2 Per 1,000 SF License For 200 Monthly Parking Permits At Capitol Garage


Investment Highlights

  • 63% occupied by investment grade credit (60% State of California | S&P: AA- and 3% Sempra Energy | BBB+)
  • Prime Government Affairs District location - close proximity to State Capitol, light-rail and countless amenities attracts State tenants, lobbyists and attorneys
  • Anchor tenants LAO and LCB have occupied as HQ locations since 1990 and comprise 60% of total building revenue without termination options
  • Strong recent leasing momentum at the Property including new 13 year extension for anchor tenant LAO
  • $4.1M invested by current ownership to-date including lobby renovations, new parapet signage, building and tenant improvements
  • Located in Sacramento, the fastest growing big city in California supported by a robust residential pipeline of more than 16,000 units
Last Updated Date: 01 Feb 2022

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Last Updated Date: 01 Feb 2022

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