1630 I Street
1630 I Street
Use: Office / Retail
Lease or Sale: Lease
Leasable SF: 5,830 SF
Lease Rate: $1.75 / SF / Month
1616 and 1630 I Street are two exceptionally rare opportunities for a creative office or retail tenant to lease anywhere from ± 5,830 SF up to ± 5,098 SF just one (1) block from one of urban Sacramento’s busiest thoroughfares (16th Street) with more than 22,000 cars per day.
This corner building is a striking ± 5,830 SF ground floor and mezzanine office building. The property is currently VSP’s Innovation Lab, has floor to ceiling windows, soaring ceilings, and a mid-century modern design aesthetic. They will be vacating their space at the end of November 2019.
Immediately next door is 1616 I Street. This property, which is currently a ± 19,268 SF parking garage, is being reimagined as Midtown Sacramento’s next historical and creative office space conversion. The space has tremendous future potential to be transformed by leveraging the impressive roof truss systems and historical façade along I Street. This renovation opportunity makes this building highly desirable from a retail or contemporary office perspective.
The properties sit in the middle of numerous infill commercial and mixed-use development projects are well under development along the 16th Street corridor, including the future redevelopment of the former Clarion Hotel at 16th and H, the four story future project at 1631 K Street, the remodel of the Memorial Auditorium and Sacramento Convention Center expansion.
The property is located a stone’s throw from countless amenities, including Mikuni, PF Changs, The Mill Coffee, LowBrau, Burgers and Brew, Starbucks, the Memorial Auditorium, Firestone, Pieology, Squeeze Inn and much more.
This is a truly one of a kind opportunity to lease one or two freestanding office/retail storefront buildings along Midtown’s hottest corridor. Benefit from great identity, a high level of exposure and a city on the rise. It is easy to imagine transforming these spaces into two of the most desirable buildings in town.
Unit: Entire Building
Size: 5,830 SF
Rate: $1.75 SF/Month
Lease Type: NNN
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Use: Retail / Office / Restaurant
Lease or Sales: Lease
Leasable SF: 1,035 - 7,143 SF
Lease Rate: $1.50 - 3.25 SF/Month
Lot Size: 2.56 acres
Lease or Sales: Lease & Sale
Sale Price: $17,000,000