Property History
Nestled on a highly trafficked corner at Fulton and Marconi, this property benefits from outstanding exposure—daily traffic counts exceed 23,000 on Marconi and 31,000 on Fulton. It's directly across from the vibrant Town & Country Village, which includes major retailers like Sprouts, Trader Joe’s, T.J. Maxx, Ross, and Ulta. Excellent accessibility; under a mile to the Capital City Freeway, putting downtown Sacramento and major transit corridors within easy reach.
The single-story building, constructed in 1980 and renovated in 2002, offers circa 35K sf of functional space across multiple suites—great for owner-users or diversified tenant arrangements. Lease options span from intimate 220 sf offices to 7,000+ sf blocks—and smaller divisions as low as 250 sf are available. 114 surface parking stalls provide a strong parking ratio (approx. 3.5 spaces per 1,000 sf) with covered parking at the rear Showcase, enhancing convenience and user experience.
Zoned as SPA, this property allows commercial development while accommodating broader strategic uses under SPA design guidelines. Infrastructure goals, streetscape enhancements, and public service access are embedded in the SPA framework for Fulton-Avenue corridors. Strong Walkability & Transit Accessibility: Walk Score around 84 and Transit Score of 36 makes it not just a commuter-friendly asset, but also attractive to pedestrian- and public transit-minded tenants or hybrid workforce strategies. Within a 1-mile radius: over 20,900 residents and 8,300 households—with projected growth, median income approx. $42K—and larger radius 5-mile zones pushing median incomes near $67K, providing a strong local support base.
Upside Potential
Currently, the property is approximately 50% vacant, providing a significant opportunity for an investor or owner-user to capture value through lease-up. With market rents in the area averaging around $1.50 per square foot per month, the unleased space represents a substantial source of untapped income. Once stabilized, the building’s performance will strengthen dramatically, creating a powerful upside benefit in both cash flow and overall valuation. This positions the asset as a compelling value-add opportunity in one of Sacramento’s most visible and well-connected office corridors.
• Prime Mixed-Use Corridor
• Strong Retail Foot Traffic
• Robust Transit Infrastructure
PROPERTY HIGHLIGHTS
- Building size: 32,000 Sq. Ft.
- Year Built: 1980
- Zoning: SPA (underlying LC - Limited Commercial)
- Land size: 2.49 acres
- APNs: 268-0180-027 / 268-0180-029
- Parking: 3.5 / 1,000 SF (114 spaces)
- Covered Parking in Rear of Property
- Current Occupancy: 16.2%
PROPERTY DESCRIPTION
Subject property is a 32,000 sf office building located near the intersection of Fulton & Marconi, across from Town & Country Village, which includes anchors Sprouts, T.J. Maxx, Ross and Bed Bath & Beyond. Traffic counts directly in front of the property exceed 31,000 vehicles per day (55,000 per day at intersection). The Sacramento County Sheriff field office formerly occupied 21,808 square feet, which is fully built-out with lobby/reception, numerous private offices, conference rooms, open areas, skylights, kitchen / break room plus men's and women's locker rooms with multiple showers. The former Sheriff space is divisible to as small as +/- 10,000 square feet. Covered parking is available in the rear with secure gated access. Several smaller office spaces ranging from 280 to 1,040 square feet also available for lease. Existing gross annual income is $81,180 from 8 tenants. Possible conversion to retail center with 60 foot bay depths along the full perimeter. Property is located in the Fulton Avenue Special Planning Area with flexible LC (Limited Commercial) underlying zoning in place.
The Property is offered for sale priced at $2,560,000 which equates to $80 per building square foot and $23.60 per land square foot. Leased for many years by the Sacramento County Sheriff's Department, the Property is currently 22% leased to a number of small footprint tenants who are paying, on average, $I.42 per square foot per month on a full service basis. Average asking rent in this Howe/Fulton submarket was SI.64 per square foot per month in Q3 2016. The Sheriff's Department occupied approximately 23,000 square feet until 2015, leaving an opportunity for an owner-user or an investor to backfill this suite at a very attractive acquisition price.
On the northeast corner of Fulton and Marconi is the 233,000 square foot Town & Country Village, a successful community center that includes Bed, Bath & Beyond, Trader Joe's, Famous Footwear, TJ Maxx, Starbucks, and other well-known retailers. On the southeast corner of Fulton and Marconi is CVS, McDonald's, and the 90,075 square foot Taylor Center which includes Walmart Neighborhood Market, AT&T, Burger King, Rubio's Baja Grill, and others.
- ±2.49 Acres Of Prime Infill Land In A High-Traffic, Densely Populated, Mature Neighborhood Location
- Strong Retail Corridor That Includes Bed, Bath & Beyond, Trader Joe'S, Walmart Neighborhood Market, Famous Footwear, Tj Maxx, Starbucks, CVS, McDonald's, AT&T, Burger King, Rubio's Baja Grill, And Many Others
- Well-Maintained Building With Good Frontage Along Heavily-Traveled Marconi Avenue
- Dense Population - 131,302 People Within 3-Mile Radius
- Prime Candidate For Conversion From Office To Retail Use
- $80 PSF - Extremely Low Cost Basis And A Fraction Of Replacement Cost
- Vacant Anchor Suite - Last Occupied By Sacramento County Sheriff'S Department
- Size And Layout Caters To A Single Tenant Or Multiple Tenants
Loan History
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