Urban-High Street
1000 K Street
1000 K St, Sacramento, CA 95814
Listing Price: $8,750,000
Investment Overview
Turton Commercial Real Estate and Marcus & Millichap are pleased to present the opportunity to purchase 1000 K Street, located in the epicenter of Downtown Sacramento’s K Street Entertainment District and nestled in the heart of the Governmental Affairs District. 1000 K Street is a ± 29,501 square foot two-story building, 100 percent leased to four of Downtown Sacramento’s most popular and successful restaurant and entertainment tenants. The Property is being offered at $8,750,000, based on a 7.46 cap rate on budgeted 2022-2023 net operating income of $652,990.59.
1000 K Street
Investment Highlights
- Located in the epicenter of Downtown Sacramento's K Street Entertainment District and Nestled in the Heart of the Governmental Affairs District
- An Architecturally Extraordinary Building Located in a Federal Opportunity Zone Leased to Four of Downtown Sacramento's Most Popular and Successful Restaurant and Entertainment Tenants
- The Property has Undergone a Top to Bottom Transformation into Part of Urban Sacramento's Cultural Fabric
- December 2022 sale of very comparable property at 1020 K St. ($382/sf) confirms and supports asking price as a well below market offering.
Listing Price: $8,750,000
Investment Highlights
- Located in the epicenter of Downtown Sacramento's K Street Entertainment District and Nestled in the Heart of the Governmental Affairs District
- An Architecturally Extraordinary Building Located in a Federal Opportunity Zone Leased to Four of Downtown Sacramento's Most Popular and Successful Restaurant and Entertainment Tenants
- The Property has Undergone a Top to Bottom Transformation into Part of Urban Sacramento's Cultural Fabric
- December 2022 sale of very comparable property at 1020 K St. ($382/sf) confirms and supports asking price as a well below market offering.
Investment Overview
Turton Commercial Real Estate and Marcus & Millichap are pleased to present the opportunity to purchase 1000 K Street, located in the epicenter of Downtown Sacramento’s K Street Entertainment District and nestled in the heart of the Governmental Affairs District. 1000 K Street is a ± 29,501 square foot two-story building, 100 percent leased to four of Downtown Sacramento’s most popular and successful restaurant and entertainment tenants. The Property is being offered at $8,750,000, based on a 7.46 cap rate on budgeted 2022-2023 net operating income of $652,990.59.
