1000 K Street
Investment
1000 K St, Sacramento, CA 95814
Downtown
Use
Restaurant /
Retail /
Lot Size
.39 acres
Lease or Sale
Sale,
Building Size
±29,501 SF
Sale Price
$6,500,000
Turton Commercial Real Estate and Marcus & Millichap are pleased to present the opportunity to purchase 1000 K Street, located in the epicenter of Downtown Sacramento’s K Street Entertainment District and nestled in the heart of the Governmental Affairs District. 1000 K Street, located in a Federal Opportunity Zone, is an architecturally extraordinary, ± 29,501 SF two (2) story building, 100% leased to four (4) of Downtown Sacramento’s most popular and successful restaurant and entertainment tenants.
The Property is being offered at $6,500,000 based upon a projected 2024 NOI of $726,640.37 (based upon leases in place) with 11.18% projected cap rate. The Property has been, and is, a highly reliable investment.
1000 K Street is also for lease.
Property Details
Brokers
Office
916.573.3309
Email
mattaxford@turtoncre.com
Office
916.573.3308