MARRS
1050 20th Street & 1928 J Street
Midtown
MARRS
Region: Midtown
Use: Office / Retail
Lease or Sale: Lease & Sale
Building Size: ±47,638 SF
Sale Price: $21,750,000
Leasable SF: 2,101 - 15,366 SF
Lease Rate: $2.85 / SF / Month
Additional Information: MARRS
Turton Commercial Real Estate is pleased to present the opportunity to purchase Midtown Arts Retail & Restaurant Scene (“MARRS”), Sacramento’s most iconic mixed-use office and retail building located in the epicenter of the region’s hottest submarket.
Purchased in 2006 as a two-story, concrete-tilt warehouse, the structure, combined with a AAA location in the heart of Sacramento’s Midtown Grid, provided the perfect pallette for urban development artist Heller Pacific to design a unique retail/office experience that would serve as the cornerstone of culture and future development for Sacramento’s Midtown Grid.
The Property has been, and is, a highly reliable investment asset and widely considered to be the epicenter of Midtown Sacramento. It has been consistently leased at 95% occupancy or above since its completion in 2006. This is particularly noteworthy given the economic recession between 2007 and 2012 and the recent challenges of the pandemic. Rare retail vacancies are easily re-leased and there is considerable potential upside in expiring office lease and percentage rent.
Suites
Unit: Suite 200
Size: 13,265 SF
Rate: $2.85 SF/Month
Lease Type: Mod Gross
Unit: Suite 220
Size: 2,101 SF
Rate: $2.85 SF/Month
Lease Type: Mod Gross
Unit: Suite 200 + 220
Size: 15,366 SF
Rate: $2.85 SF/Month
Lease Type: Mod Gross