Skip to main content

Urban-High Street

1000 K Street

1000 K St, Sacramento, CA 95814

Listing Price: $7,500,000

Cap Rate
7.96%
Gross SF
29,501
Rentable SF
29,501
Price/Gross SF
$254.23
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 $7,500,000, based on a 7.96 cap rate on collected 2023 net operating income of $596,997. Existing leases call for NOI to grow in 2024 to $714,879 (9.53 projected cap).

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.

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: $7,500,000

Cap Rate
7.96%
Gross SF
29,501
Rentable SF
29,501
Price/Gross SF
$254.23
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
  • 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 $7,500,000, based on a 7.96 cap rate on collected 2023 net operating income of $596,997. Existing leases call for NOI to grow in 2024 to $714,879 (9.53 projected cap).

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

MM Texture Background
MM Textured Background Lower