Office
The 2825-2829 Watt Avenue Building
2829 Watt Ave, Sacramento, CA 95821
Listing Price: $12,200,000
Investment Overview
Marcus & Millichap is pleased to present this value-add investment opportunity. This versatile general office/healthcare property sits strategically and prominently on one of Sacramento's busiest and best known avenues, offering strong connectivityto the entire Sacramento Metro Area via nearby Interstate 80, U.S. Highway 50 and the Capitol City Freeway. Importantly for business fliers, the Property is located less than three miles from McClellan Airport.
Recent vacancies offer significant upside opportunity for potential investors or owner-occupiers in an area surrounded by residential communities with a large share of residents aged 65 or older. As a result,
this asset represents an appealing investment opportunity thanks to its easy
accessibility and local demand for general office uses and healthcare services.
Listing Price: $12,200,000
Investment Highlights
- Asking Price is 40% Below Replacement Cost. Replacement Cost is $20M*
- Well Below Market Rent - $1.29 Average vs $1.95
- Valuable Secure Covered Parking for 72 Vehicles
Investment Overview
Marcus & Millichap is pleased to present this value-add investment opportunity. This versatile general office/healthcare property sits strategically and prominently on one of Sacramento's busiest and best known avenues, offering strong connectivityto the entire Sacramento Metro Area via nearby Interstate 80, U.S. Highway 50 and the Capitol City Freeway. Importantly for business fliers, the Property is located less than three miles from McClellan Airport. Recent vacancies offer significant upside opportunity for potential investors or owner-occupiers in an area surrounded by residential communities with a large share of residents aged 65 or older. As a result, this asset represents an appealing investment opportunity thanks to its easy accessibility and local demand for general office uses and healthcare services.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
