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Urban-High Street

1020 K Street

1020 K St, Sacramento, CA 95814

Listing Price: $5,500,000

Cap Rate
7.12%
Gross SF
12,950
Rentable SF
12,950
Price/Gross SF
$424.71
Lot Size
0.29 acres
Year Built
1920

Investment Overview

Marcus & Millichap are pleased to present the opportunity to purchase 1020 K Street, located in the epicenter of Downtown Sacramento's K Street Entertainment District and nestled in the heart of the Governmental Affairs District. 1020 K Street is a ±12,950 square foot two-story building, leased to two of Downtown Sacramento's most popular and successful entertainment tenants, Dive Bar and District 30. The property is being offered at $5,500,000, based on a pro forma 7.12 percent cap rate on pro forma 2022-2023 net operating income of $391,570.50.

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 Unique Building, Leased to Two of Downtown Sacramento's Most Popular and Successful Entertainment Tenants, Dive Bar and District 30
  • 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

1020 K Street

Listing Price: $5,500,000

Cap Rate
7.12%
Gross SF
12,950
Rentable SF
12,950
Price/Gross SF
$424.71
Lot Size
0.29 acres
Year Built
1920

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 Unique Building, Leased to Two of Downtown Sacramento's Most Popular and Successful Entertainment Tenants, Dive Bar and District 30
  • The Property has Undergone a Top to Bottom Transformation into Part of Urban Sacramento's Cultural Fabric

Investment Overview

Marcus & Millichap are pleased to present the opportunity to purchase 1020 K Street, located in the epicenter of Downtown Sacramento's K Street Entertainment District and nestled in the heart of the Governmental Affairs District. 1020 K Street is a ±12,950 square foot two-story building, leased to two of Downtown Sacramento's most popular and successful entertainment tenants, Dive Bar and District 30. The property is being offered at $5,500,000, based on a pro forma 7.12 percent cap rate on pro forma 2022-2023 net operating income of $391,570.50.

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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