930 G Street
930 G Street
Lease or Sale: Sale
Building Size: ±18,710 SF Sale Price: $5,200,000
Turton Commercial Real Estate is pleased to offer to the market for sale 930 G Street (the “Property”), an 18,710 SF, two story office building situated on a 17,600 SF parcel of land in Downtown, Sacramento. The Property is being offered at $5,200,000 or $278 per SF which represents 8.2% pro-forma unleveraged capitalization rate.
The Property is a rare and unique opportunity for an owner-user or investor to acquire a well-located, prominent, and secure office building in the urban core. Currently owned and occupied by Pacific Legal Foundation, the Property is well-suited for a law firm, accounting firm, non-profit organization, or association. Further, the Property features 30 secured and covered parking stalls, a valuable amenity for a user or tenant, in a pocket of Downtown where parking is increasingly difficult to secure.
While the Property is priced aggressively relative to other opportunities, it should also be noted that this purchase price is well below replacement cost for a comparable building in the urban core.
The Property is situated one-half block from both Sacramento City Hall, the County Courthouse, and the County District Attorney’s Office. Just a mere three blocks away is the boundary of the Railyards Project. Clocking in at five blocks away is the State Capitol, Federal District Courthouse for the Eastern District of California, the Golden 1 Center, and Downtown Commons (DoCo).
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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