Turton Commercial Real Estate has successfully closed the sale of this locally owned office property located at 2020 29th Street. The Property previously had sat on the market for many years with other brokerage firms, but with a fully leased building, a refresh in marketing efforts, and the right timing bringing a local buyer on a 1031 exchange deadline, the Property successfully transacted for $950,000.00, and was sold within three months of Turton taking on the listing. Jack Scurfield represented the Seller in the transaction, and the Buyer was self-represented.  – October 2025

Turton Commercial Real Estate is pleased to present 2020 29th Street (herein referenced as “The Property”) for sale as an exceptional multi-tenant office investment in the heart of Midtown Sacramento. The Property is an approximately 6,939 square foot, two-story office building offered for sale at $985,000 — priced well below replacement value at just $141 per square foot, and presents an attractive investment opportunity for an investor or owner-user to occupy the building. The Property is currently generating an approximate net operating income of $70,493, representing an in place 7.16% capitalization rate, with a pro-forma net operating income of $90,680, equating to a pro-forma capitalization rate of 9.21%*.

Features of the Property include covered parking, a dense, small office layout attracting demand from a variety of small businesses, proximity to major freeways, and significant upside in rental income.

*Reach out to listing broker to request further information and to review pro-forma income projections.