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Sublease Office High-Rise
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1415 L St, Sacramento, CA 95814

Meridian Plaza offers a sublease opportunity in a 2003 office high-rise near Sacramento’s Capitol and K Street.

Space Size350 SF
Days on Market1366

Property Features for 1415 L St

General Information

Standard status Active
Size 350 SF
Property subtype OFFICE
Lease Type Full Service

Site & Location

Neighborhood Downtown Sacramento Partnership (Pbid)

Building Details

Year Built 2003

Spaces For Lease

at 1415 L St
1415 L St $10/SF/Yr
Floor 3
Size 350 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease Yes
- 1415 l street is for sublease. - 1415 l street, also known as meridian plaza, is a 229,000 square foot office building strategically located just two blocks from the california state capitol building in sacramento. - Office users at 1415 l street will benefit from easy walking access to the california state capitol, sacramento’s best daytime and nighttime amenities, the marriot residence inn, the hyatt regency and the sheraton grand hotel. - In addition, the building sits one block from k street, which offers direct access to light rail, numerous restaurants and shopping, and is just a short walk to sacramento’s vibrant downtown commons (DOCO) entertainment district and golden 1 center. - Constructed in 2003, 1415 l street is one of sacramento’s most notable office high-rises, with 360 degree views into the state capitol and sacramento’s developing skyline. - Located 1 block from the convention center which will be fully remodeled in q4 2020, 2 blocks from the community theater which is undergoing a complete renovation and will be complete by the end of 2020, 2 blocks from the state capitol, 3 blocks from city hall, 7 blocks from the golden one center and doco, 3 blocks to 3 large hotels, 1415 l street is located at ground zero of sacramento’s exciting revitalized urban experience.
Contact us
Listing Agency: Turton Commercial Real Estate - Corporate
Listed By: Scott Kingston · License #01485640
Source: Moodyscre
Added: Feb 3, 2023 Changed: Oct 25 Last Checked: Oct 30 at 4:46PM

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

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Investment Insights

Based on property information with market context.

1415 L Street, also known as Meridian Plaza, is offered as a sublease. Built in 2003, the office building totals 229,000 square feet and is described as a high-rise with 360-degree views into the state capitol and Sacramento’s skyline.

The property is located about two blocks from the California State Capitol and sits one block from K Street, which provides direct access to light rail. The building is also noted as being within close walking distance of Sacramento’s downtown amenities, including DOCO and Golden 1 Center.

The remarks further indicate the building is about one block from the convention center (planned for a full remodel in Q4 2020) and roughly two blocks from the community theater (undergoing renovation, targeted for completion by the end of 2020).

Key Highlights

  • 229,000 SF office building for sublease, constructed in 2003
  • Strategic Sacramento location: 2 blocks from the California State Capitol building
  • Located 1 block from K Street with direct access to light rail plus nearby restaurants and shopping

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Procter & Gamble Co Corporate Office Nielsen Merksamer Parrinello Law Firm Aprea & Micheli Consultant AARP California State ... Charitable Organization Western Growers Insurance Agency

Suggested Use

Top Pick Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Storage Facility Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8,335
Businesses Nearby

Demographics for 95814, CA

12,208
Population
7,972
Households
1.5
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
8,720
Density / Sq Mi
$46,637
Median Household Income
$57,500
Median Earnings
$1,226
Median Rent
$621,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Sacramento, CA

8.3% 2019
11.7% 2020
13.2% 2021
14% 2022
14.4% 2023
15.2% 2024
14.6% 2025

Frequently Asked Questions

What type of property is this?
Office building - Meridian Plaza offers a sublease opportunity in a 2003 office high-rise near Sacramento’s Capitol and K Street.
Where is this office building located?
The property is located at 1415 L St Sacramento, CA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 229,000 SF office building for sublease, constructed in 2003; Strategic Sacramento location: 2 blocks from the California State Capitol building; Located 1 block from K Street with direct access to light rail plus nearby restaurants and shopping
(916) 573-3309 Call to check price and availability
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