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2101 K St

25,600 SF Office Building Sacramento, CA 95816 £6,233,100 (£243/SF)

Investment Highlights

  • Prime redevelopment opportunity on a spacious site with flexible zoning
  • Versatile C-2-SPD zoning permits multi-story office, retail, and mixed use with residential up to 85 feet in height
  • The ±1.04-acre site is improved with a single-story ±25,600 square foot office building suitable for retail or office use.
  • “Main & Main” location in the heart of Midtown at the NEC of 21st and K Streets
  • One block from the MARRS (Midtown Arts, Retail & Restaurant Scene) Building, the cultural and entertainment hub of the neighborhood.
  • Walking distance to Downtown Commons, Golden 1 Arena, the State Capitol, and countless dining and shopping venues

Executive Summary

CBRE is pleased to offer for sale a ±25,600 square foot office/retail building on a prime ±1.04-acre parcel in the heart of Sacramento’s Midtown neighborhood. The property is zoned C-2-SPD and is improved with a single-story building with ±18’ barrel truss roofs that create visually exciting space for future office or retail uses.
The property is offered at $7,900,000 and represents a tremendous owner/user or redevelopment opportunity in Midtown, a much sought-after neighborhood that has spawned many new residential and mixed-use developments over the last five years.
21st at K is one of Midtown’s busiest intersections with ADT of ±16,200 vehicles. The site is only a few blocks from the Capitol, Downtown Commons, and Golden 1 Center which puts it within walking distance of every major downtown office building, most State office buildings, and many shopping and dining venues. Regional Transit has a bus stop (route 62) at 21st and K and other routes can be accessed on both J and L Streets, only one block away to the north and to the south, respectively.
Expressions of interest should be directed to Randy Getz, Executive Vice President, whose contact information can be found in the offering memorandum. All tours will be coordinated by CBRE.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
High Vacancy Property
Property Type
Office
Building Size
25,600 SF
Building Class
C
Year Built/Renovated
1947/1994
Price
£6,233,100
Price Per SF
£243
Tenancy
Single
Number of Floors
1
Typical Floor Size
25,600 SF
Building FAR
0.57
Land Acres
1.04 AC
Zoning
C-2-SPD
Parking
49 Spaces (1.91 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Lexis Nexis
  • -
  • 25,600 SF
  • -
  • Oct 2022
Tenant Industry SF OCCUPIED RENT/SF Lease End
Lexis Nexis - 25,600 SF - Oct 2022

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 25,600 SF
  • Office/Retail
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 25,600 SF Office/Retail Full Build-Out Now

1st Floor

Size
25,600 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

1st Floor

Size 25,600 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Walk Score ®
Walker's Paradise (98)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 007-0091-008
  • 007-0091-010
  • 007-0091-007
  • 007-0091-009
Land Assessment
£2,510,050
Improvements Assessment
£2,556,360
Total Assessment
£5,066,410
  • Listing ID: 25161828

  • Date on Market: 02/03/2022

  • Last Updated:

  • Address: 2101 K St, Sacramento, CA 95816

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