1920 20th Street
1920 20th Street
Lease or Sale: Lease & Sale
Building Size: ±14,323 SF Sale Price: $3,500,000
Leasable SF: 14,323 SF
Lease Rate: $2.45 / SF / Month
Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to purchase 100% fee simple interest in 1920 20th Street (the “Subject Property”). The Property is being offered at $3,500,000. Buyers are encouraged to contact Turton Commercial Real Estate to discuss underwriting and potential use.
Occupied by Lionakis since 2005, 1920 20th Street provides prospective buyers an opportunity to own a fully modernized converted industrial building with abundant parking in a AAA location next to Midtown’s R Street corridor.
1920 20th Street represents one of the rarest purchase opportunities within the Sacramento Region. A converted 1970’s industrial building into a fully renovated office work space in the heart of Midtown. Attractive, cool and fully functional in its “as-is” condition, the building also has the “bones” to be further opened up to realize its full potential at this amenity and parking rich site.
For firms that brand themselves as creative, open, raw, streamlined, authentic and currently relevant, you must see this building. For businesses seeking to recruit the best talent in their industries and an environment that tells your creative story rooted in the Sacramento, you must see this building.The 20-foot ceilings, generous window lines and skylights make 1920 20th Street an inspiring canvas for the visionary entrepreneur to create their home.
The building was purchased in 2004 by the current ownership to accommodate the expansion of Lionakis Architecture who has occupied the building since 2005. At that time, ownership gutted the interior (except for the restrooms and utility rooms), replaced the electrical and lighting systems, new ceilings with skylights, interior finishes and enclosed office/conference spaces. In 2018 they installed a new single ply membrane roof.
Unit: Whole Building
Size: 14,323 SF
Rate: $2.45 SF/Month
Lease Type: Full Service
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Use: Retail / Office / Restaurant
Lease or Sales: Lease
Leasable SF: 3,162 - 7,143 SF
Lease Rate: $1.50 - 3.50 SF/Month
Lot Size: 2.56 acres
Lease or Sales: Lease & Sale
Sale Price: $17,000,000