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32455412
32455413

815 S Street, Sacramento, CA 95811

TW
CA CA 01780828, CA 01780828
CBRE - Sacramento
RG
CA 00828903
CBRE - Sacramento
Listed by CBRE - Sacramento
$3,500,000
24 days on market
Updated 24 days ago
Opportunity zone

815 S Street

Details
APN 009-0065-025, 009-0065-018
Property Type Office, Land (+1)
Sub Type Traditional Office, Creative Office (+1)
Square Footage 13,919
Net Rentable (SqFt) 13,919
Units 30
Occupancy 100%
Tenancy Single
Lease Expiration 10/31/2026
Price per SqFt $251
Year Built 1984
Buildings 1
Stories 2
Acreage 0.510
Zoning RMX-SPD (Residential Mixed Use/Special Planning District)
Parking Spaces 30 spaces
Parking Per SqFt 2.16
Investment Type Owner/User
Ground Lease No

Sacramento CBD ±13,919 RSF office w/30 parking stalls on ±0.51 acre

Marketing description

As exclusive advisors CBRE is pleased to offer for sale a ±13,919 square foot owner-user office building located on ±22,076 square feet of land on S Street between Eighth and Ninth Streets in Sacramento’s Central Business District.

The prominent location affords quick and easy access to both Midtown and all parts of the CBD. It represents an ideal opportunity for an owner-user to acquire a high quality new home for their business in the middle of the retail, residential and governmental developments that make Sacramento’s downtown such a lively, desirable place to be.

For several years Downtown and Midtown have been experiencing robust growth in the development of residential and mixed-use projects. The hybrid work model set in motion a population shift as highly-paid technology workers and others emigrated from the Greater Bay Area to take advantage of Sacramento’s more relaxed and affordable lifestyle.

The centrally located site is only a few blocks from the State Capitol, Downtown Commons, Golden 1 Center, the newly expanded Sacramento Convention Center and SAFE Credit Union Performing Arts Center. It is within walking distance of every major downtown office building, most State of California office buildings, abundant shopping venues, and a plethora of dining opportunities ranging from fast/casual to white linen tablecloth.

The property is being offered at $3,500,000 which equates to $251 per square foot of net rentable area and $159 per square foot of land. Ample on site parking and easily reconfigurable, open interior architecture add to the Subject’s desirability.

Expressions of interest should be directed to Randy Getz or Tony Whittaker whose contact information is set forth on page three of the offering memorandum.

Investment highlights

  • In the heart of Sacramento's Central Business District and part of the bustling, vibrant R Street Corridor
  • ±13,919 sq. ft. building with meaningful on site parking is ready for a new owner and its next chapter. Alternatively, the site would be perfect for a multi-housing and/or mixed use project given the parcel size and remarkable location.
  • Versatile RMX-SPD zoning
  • Walking distance to Downtown Commons, the Golden 1 Center, the State Capitol, Sacramento Convention Center, the SAFE Credit Union Performing Arts Center and countless residential, retail and dining opportunities
  • Incredibly convenient public transit: Regional Transit light rail station at 13th & R and RT bus stop at 9th & Q
  • Wind Youth Services, Inc. is in occupancy at an absolutely net rent of $10,000 per month until October 31, 2026, offering interim income while the prospective purchaser space plans the building or prepares the site for an alternative use.

Listing Contacts

TW
CA CA 01780828, CA 01780828
CBRE - Sacramento
RG
CA 00828903
CBRE - Sacramento
Listed by CBRE - Sacramento

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Additional Information

Name
Tony Whittaker
License
CA 01780828
Brokerage
cbre
Brokerage Phone
9164254474
Title
svp
Brokerage Address
500 Capitol Mall
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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