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Urban-High Street

1000 K Street

1000 K St, Sacramento, CA 95814

Listing Price: $9,275,000

Cap Rate
7.04%
Gross SF
29,501
Rentable SF
29,501
Price/Gross SF
$314.40
Lot Size
0.39 acres
Year Built
1956

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 $9,275,000, based on a 7.04 percent cap rate on budgeted 2022-2023 net operating income of $652,990.59.

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

Exclusively Listed By

  • Mark Hefner

    Senior Vice President Investments

    (916) 724-1361

    Email Mark

    License(s): CA: 00823945, NV: BS.1000677, OR: 201211829, WA: 24003

    Sacramento

Urban-High Street

1000 K Street

Listing Price: $9,275,000

Cap Rate
7.04%
Gross SF
29,501
Rentable SF
29,501
Price/Gross SF
$314.40
Lot Size
0.39 acres
Year Built
1956

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

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 $9,275,000, based on a 7.04 percent cap rate on budgeted 2022-2023 net operating income of $652,990.59.

Exclusively Listed By

  • Mark Hefner

    Senior Vice President Investments

    (916) 724-1361

    Email Mark

    License(s): CA: 00823945, NV: BS.1000677, OR: 201211829, WA: 24003

    Sacramento

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