1801 K St Sacramento, CA
Call to check price and availability
Long-term, fully-leased investment in the heart of Midtown.
Type:OFFICE
Property size:
19,738 SFLot size:
0.31 AcresPrice / SF:
$177/SF- Added:
- Aug 12, 2024
- Days on Market:
- 625
- Last Refresh:
- Apr 5 at 10:03 pm
Property Features for 1801 K St
General Information
- Standard status
- Active
- Size
- 19,738 SF
- Lot size
- 0.31 Acres
- Property subtype
- OFFICE
Listing agent Ken Turton License #01219637
Listing office Turton Commercial Real Estate - Corporate (916) 573-3300
Listing date Aug 12, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Turton Commercial Real Estate - Corporate
Overview
Fully Leased Midtown Investment Opportunity
This property offers the opportunity to own a fully-leased investment in a central Midtown location. The property is offered with income in place, representing a 6.57% capitalization rate on year one net operating income of $256,028, inclusive of proforma property taxes. The tenant has rent escalations of 3% every two years. The property features approximately 11 secured parking spaces, including an electric vehicle charging station. At the last lease renewal, the tenant spent $200,000 on updates to their space to accommodate their occupancy. The property features a new TPO membrane roof, installed in 2023. The property is located near restaurants, cafes, bars and entertainment venues.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.482
- Latitude
- 38.5765
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Long-term, fully-leased investment in the heart of Midtown.
Where is this office building located?
The property is located at 1801 K St Sacramento, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully‑leased investment property in a prime midtown location.; Strong 6.57% capitalization rate on year one net operating income.; Tenant recently invested $200,000 in space updates, indicating long‑term commitment.
