Sacramentohomeview.com Search Results

$4,300,000

2114 K Street, 2116 K Street, and 2119 L Street is a three-property portfolio in the heart of Midtown, Sacramento that is offered for sale together as a triple net leased investment. 2114 and 2116 K Street are contiguous single-story office buildings that are connected via interior opening and measure 9,600 rentable square feet total. 2119 L Street, which is located across the alley from the buildings, is a separate 6,400 square foot parking lot featuring 20 parking stalls. The Property is 100% leased to Wilcoxen Callaham, LLP (Wilcoxen''), a personal injury and malpractice law firm, which was founded in Sacramento in 1979 and has continuous occupied the Property for over 47 years. Wilcoxen recently extended the lease term for the entire Property through July 31, 2031, thus a new owner will inherit a nearly five-year term at closing. The lease is a traditional triple net structure whereby Wilcoxen reimburses the ownership for all operating expenses and nearly all maintenance and repair to the Property in addition to the base rent, janitorial, and utility expenses. Wilcoxen currently pays $2.15 per square foot, triple net, for 9,600 total square with 10 free parking stalls immediately behind 2116 K Street. Wilcoxen pays $2,222 per month for the 20 additional parking stalls located at 2119 L Street. Wilcoxen has one 3-year option to extend the lease through July 2034 with 3% annual rent increases. The current net operating income is $274,346 with Wilcoxen paying its pro-rata share of operating expenses (including property tax increases) in addition to the base rent. The Property is offered for $4,300,000 which equates to a 6.38% capitalization rate in the first year. Over the remaining 5 years of the firm term, the average annual return is approximately 6.77%. If Wilcoxen exercises its three-year extension option, thereby extending the term to 2034, the average annual return over eight years is approximately 7.12%. The property is in the heart of Midtown, just two blocks from the MARRS Building, Midtown Farmer's Market, Temple Coffee at 22K and countless other amenities.

226116724 MLS

2114 K Street, 2116 K Street, and 2119 L Street is a three-property portfolio in the heart of Midtown, Sacramento that is offered for sale together as a triple net leased investment. 2114 and 2116 K Street are contiguous single-story office buildings that are connected via interior opening and measure 9,600 rentable square feet total. 2119 L Street, which is located across the alley from the buildings, is a separate 6,400 square foot parking lot featuring 20 parking stalls. The Property is 100% leased to Wilcoxen Callaham, LLP (Wilcoxen''), a personal injury and malpractice law firm, which was founded in Sacramento in 1979 and has continuous occupied the Property for over 47 years. Wilcoxen recently extended the lease term for the entire Property through July 31, 2031, thus a new owner will inherit a nearly five-year term at closing. The lease is a traditional triple net structure whereby Wilcoxen reimburses the ownership for all operating expenses and nearly all maintenance and repair to the Property in addition to the base rent, janitorial, and utility expenses. Wilcoxen currently pays $2.15 per square foot, triple net, for 9,600 total square with 10 free parking stalls immediately behind 2116 K Street. Wilcoxen pays $2,222 per month for the 20 additional parking stalls located at 2119 L Street. Wilcoxen has one 3-year option to extend the lease through July 2034 with 3% annual rent increases. The current net operating income is $274,346 with Wilcoxen paying its pro-rata share of operating expenses (including property tax increases) in addition to the base rent. The Property is offered for $4,300,000 which equates to a 6.38% capitalization rate in the first year. Over the remaining 5 years of the firm term, the average annual return is approximately 6.77%. If Wilcoxen exercises its three-year extension option, thereby extending the term to 2034, the average annual return over eight years is approximately 7.12%. The property is in the heart of Midtown, just two blocks from the MARRS Building, Midtown Farmer's Market, Temple Coffee at 22K and countless other amenities.

2116 K Street, Sacramento

Listing courtesy of Ken Turton, Broker.

$875,000

1730 Capitol Avenue is the only Victorian office building under 2,000 SF that is for sale along the renowned Capitol Avenue corridor. This classic, 3-story, fully improved Victorian building is situated on the corner of Capitol Avenue and 18th Street in the heart of Midtown. The Property is completely saturated by Midtown's most successful restaurants which includes but not limited to Zcalo's, Paesano's, Federalist Pizza, and Mulvaney's, all within 2 blocks from the office. On top of this, the Property is next to Grocery Outlet, 2 blocks from the north side of the State Capitol, 4 blocks from the Midtown Farmer's Market (voted #1 in CA, #3 nationally 2024, and 2025) that goes on every Saturday, and 5 blocks from the MARRS retail and dining center. The next owner will be able to capitalize on the best of what Midtown has to offer and be in proximity to the most famous landmark in Downtown - the State Capitol. The Property is 3 levels totaling 1,789 SF (per Matterport measurements), with 5 offices, 1 conference room, a kitchen, multiple storage areas, 2 bathrooms, and open space. The Property has Capitol Avenue frontage and corner visibility, with potential building signage available to the street's 6,900 vehicles per day. 1730 Capitol Avenue is a historic Victorian with extensive window units and maintained landscaping surrounding the building, creating an elegant and contemporary feel. Additionally, The Property had a new roof and HVAC system installed within the last 2 years, bringing a new owner piece of mind over major building systems. If you are a business that wants to take advantage of this scarce opportunity to obtain the most sought-after address in the city, this is your building.

226064151 MLS

1730 Capitol Avenue is the only Victorian office building under 2,000 SF that is for sale along the renowned Capitol Avenue corridor. This classic, 3-story, fully improved Victorian building is situated on the corner of Capitol Avenue and 18th Street in the heart of Midtown. The Property is completely saturated by Midtown's most successful restaurants which includes but not limited to Zcalo's, Paesano's, Federalist Pizza, and Mulvaney's, all within 2 blocks from the office. On top of this, the Property is next to Grocery Outlet, 2 blocks from the north side of the State Capitol, 4 blocks from the Midtown Farmer's Market (voted #1 in CA, #3 nationally 2024, and 2025) that goes on every Saturday, and 5 blocks from the MARRS retail and dining center. The next owner will be able to capitalize on the best of what Midtown has to offer and be in proximity to the most famous landmark in Downtown - the State Capitol. The Property is 3 levels totaling 1,789 SF (per Matterport measurements), with 5 offices, 1 conference room, a kitchen, multiple storage areas, 2 bathrooms, and open space. The Property has Capitol Avenue frontage and corner visibility, with potential building signage available to the street's 6,900 vehicles per day. 1730 Capitol Avenue is a historic Victorian with extensive window units and maintained landscaping surrounding the building, creating an elegant and contemporary feel. Additionally, The Property had a new roof and HVAC system installed within the last 2 years, bringing a new owner piece of mind over major building systems. If you are a business that wants to take advantage of this scarce opportunity to obtain the most sought-after address in the city, this is your building.

1730 Capitol Avenue, Sacramento

Listing courtesy of Ken Turton, Broker.

$4,163

Excellent MIDTOWN Location!--one block from Jack's and Waterboy restaurants. This 1930 vintage building with updated amenities offers the best of old and new - historical and edgy. Brick interiors, high ceilings, skylights, concrete stained floors, multiple security features, open floor plans, large private conference room, multiple private offices, a break room for each unit, accessible common area rest rooms, 5-6 fenced onsite parking spaces and more. Operate your business in the 2485sf space at 1321 20th, or the 2315sf space at 2005 N Street, or combine them for a total of 4800sf with two storefronts. Property may also have other interesting development ideas: Convert a portion to a live/work loft, or lease the entire building and change the use. Check with the City to verify.

225135031 MLS

Excellent MIDTOWN Location!--one block from Jack's and Waterboy restaurants. This 1930 vintage building with updated amenities offers the best of old and new - historical and edgy. Brick interiors, high ceilings, skylights, concrete stained floors, multiple security features, open floor plans, large private conference room, multiple private offices, a break room for each unit, accessible common area rest rooms, 5-6 fenced onsite parking spaces and more. Operate your business in the 2485sf space at 1321 20th, or the 2315sf space at 2005 N Street, or combine them for a total of 4800sf with two storefronts. Property may also have other interesting development ideas: Convert a portion to a live/work loft, or lease the entire building and change the use. Check with the City to verify.

2005 N Street, Sacramento

Listing courtesy of Grounded R.E..