700 L Street, 1st Floor
700 L Street, Sacramento, CA 95816
Marketing description
Full 5% fee to procuring broker or tenant rep!
700 L stands as one of the most unique and valuable lease opportunities in the Central Business District. This space boasts high-ceilings, excellent natural light, and nearly limitless potential for retail or high-end office. Everything from a restaurant, lounge, bar, athletic use and others would benefit from the AAA location, high-visibility, and potential for high-visibility signage. Parking is available at market rates, directly adjacent to the building.
The ownership is offering the aforementioned spaces for lease and for sale.
From a lease standpoint, for office users, ownership is offering turnkey tenant improvements from shell, at a starting rate of $3.75/SF/Month Full Service. This is competitive with existing Class A space in premier locations, and provides the opportunity for a tenant to occupy an entire floor, rarely available in Downtown Sacramento at the 6,000 – 8,000 square foot threshold.
Located 4 blocks from the State Capitol, 4 blocks from City Hall, 1 block from the Golden One Center and DoCo, 5 blocks from the Sacramento Convention Center, 3 blocks from the City's largest public parking garage and within easy walking distance of every major hotel, 700 L Street is located at ground zero of Sacramento's exciting revitalized urban experience.
Investment highlights
- Once in a generation opportunity to own real estate 2 blocks from the California State Capitol
- 1 block from Golden 1 Center and Downtown Commons (DOCO)
- Former bank building with 4 floors and 2,640-23,546 SF available
- Ground floor: approx. 6,851 SF with high-ceilings, excellent natural light, potential for retail or high-end office
- 2nd floor: approx. 2,640 SF mezzanine with two exclusive outdoor patio spaces
- 3rd floor: approx. 5,975 SF wide-open shell space
- 4th floor: approx. 8,080 SF wide-open shell space
- Purchase price: $425/SF (Floors 2-4) inclusive of $125/SF improvement allowance
- Purchase price: $400/SF (Floor 1)
- For lease: $3.75/SF/Month NNN (Floor 1), $3.75/SF/Month Full Service (Floors 2-4)
- Prominent building signage available
- Parking available at market rates, directly adjacent to the building
- Each suite separately metered for electricity, water, sewer/ storm water, and gas
- New owner would be part of the building condominium association
- Full 5% fee to procuring broker or tenant rep
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