Renovated Office Building with Courtyard

401 Watt Ave, Sacramento, CA

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For Sale

Contact for pricing

Renovated office building with courtyard, high visibility, and ample parking.

Type:OFFICE

Property size:

27,585 SF

Lot size:

2.00 Acres

Price / SF:

$210/SF

HighLights

Price Reduced by 15% ($5,800,000 Asking Price)
Renovated in 2004 (including roof, bathrooms, electrical, plumbing, HVAC, landscaping, etc.)
High Visibility and Signage Opportunities
Ample Parking with 96 spaces (3.71/1,000)
Multiple Conference Rooms and Private Offices
Picturesque Courtyard with Spectacular Fountain

We can help!

Listing Contact

Thomas Walcott, SIOR, CCIM

For Sale

Contact for pricing

Renovated office building with courtyard, high visibility, and ample parking.

Type:OFFICE

Property size:

27,585 SF

Lot size:

2.00 Acres

Price / SF:

$210/SF

Added:: Feb 7, 2023
Days on Market:: 1219
Last Refresh:: May 20 at 9:09 pm

Property Features for 401 Watt Ave

General Information

Standard status: Active
Size: 27,585 SF
Lot size: 2.00 Acres
Property subtype: OFFICE

Properties For Sale

at 401 Watt Ave Contact us

We can help!

Listing Contact

Thomas Walcott, SIOR, CCIM

Listing agent Thomas Walcott, SIOR, CCIM License #CA 01351389

Listing office Colliers | Sacramento

Listing date Feb 7, 2023

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 Colliers | Sacramento

HighLights

Price Reduced by 15% ($5,800,000 Asking Price)
Renovated in 2004 (including roof, bathrooms, electrical, plumbing, HVAC, landscaping, etc.)
High Visibility and Signage Opportunities
Ample Parking with 96 spaces (3.71/1,000)
Multiple Conference Rooms and Private Offices
Picturesque Courtyard with Spectacular Fountain

Overview

This renovated office building features a courtyard setting and high visibility, offering signage opportunities. The property includes 96 parking spaces, with a parking ratio of 3.71 spaces per 1,000 square feet. Amenities include multiple conference rooms, fireplaces, a fountain, and an expansive lunchroom. The building was renovated in 2004, with substantial interior refinishes, a new roof, bathrooms, electrical, plumbing, computer and telecommunications equipment, HVAC, and landscaping. The property is situated on a 1.98-acre site.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$595.8k	$21.60
− Vacancy	−$94.7k	−$3.43
EGI	$501.1k	$18.17
− OpEx	−$125.3k	−$4.54
NOI	$375.8k	$13.62

27,585 SF · lease $21.60/SF/yr · vacancy 15.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$5.37M

$4.70M – $6.26M (±1% cap)

NOI $375,824 @ 7.0% cap · market cap 6.48%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$7.41M

$6.49M – $8.65M (±1% cap)

NOI $518,874 @ 7.0% cap · market cap 8.95%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Cutter Law P.C. Law Firm Eric Ratinoff Law ... Law Firm Gidaro Group Construction Company Kershaw Talley Barlow Law Firm lawsuit Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Sacramento
County: Sacramento
State: California
Longitude: -121.384
Latitude: 38.5721

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What type of property is this?

Office building - Renovated office building with courtyard, high visibility, and ample parking.

Where is this office building located?

The property is located at 401 Watt Ave Sacramento, CA.

What is the asking price?

The asking price for this property is $5,800,000.

What are key features of this property?

This property features: Price Reduced by 15% ($5,800,000 Asking Price); Renovated in 2004 (including roof, bathrooms, electrical, plumbing, HVAC, landscaping, etc.); High Visibility and Signage Opportunities

401 Watt Ave, Sacramento, CA

Renovated office building with courtyard, high visibility, and ample parking.

Property Features for 401 Watt Ave

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Ground-Floor Office Condo Suite

Rosemont Fourplex Investment Opportunity

Two-Unit Duplex Residential Income

Duplex with Attached Garages and Laundry

Duplex Residential Income Opportunity

Duplex Income Property

Sacramento Flex Space For Sale

Duplex Residential Income Property

Duplex Investment Property

North Oak Park Fourplex Opportunity

Versatile Commercial/Industrial Property Near Highway

Church Property with Two Buildings

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