For Sale
$3,500,000

1801 K StSacramento, CA 95811

High-Cap Rate, Fully Leased, Midtown Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fully-leased, executive office building located in Sacramento's desirable Midtown area at 1801 K Street. The property boasts 19,738 square feet of total space, with 17,746 square feet of net rentable area, currently commanding a price per square foot of $197. Built in 1982 and extensively renovated in 2021, this two-story building offers a modern and efficient workspace. The property features 11 parking spaces and sits on a 0.29-acre lot. The asking price is $3,500,000, representing a compelling 7.45% capitalization rate based on a Net Operating Income (NOI) of $260,653. The property is zoned C2-SPD, ensuring flexibility for future use. This is a rare chance to acquire a high-performing asset in a prime Sacramento location. The building's strong tenancy and excellent location make it an ideal investment for discerning buyers seeking a stable and appreciating asset. The property's recent renovation ensures modern amenities and efficient operations, minimizing future capital expenditures. Its central location provides easy access to major transportation routes, amenities, and a thriving business community. The strong NOI and high cap rate make this a truly attractive investment opportunity. The Assessor's Parcel Number (APN) is 007-0081-019-0000.

Highlights

  • Fully leased, executive office building in Sacramento's Midtown at 1801 K Street.
  • 19,738 total square feet, 17,746 square feet net rentable area, $197/SF asking price.
  • Built in 1982, extensively renovated in 2021; two-story building with 11 parking spaces on a 0.29-acre lot.
  • $3,500,000 asking price, 7.45% capitalization rate, $260,653 NOI.
  • C2-SPD zoning.

Property Details for 1801 K St

Property type
Office properties
Square Feet
19,738 SF
Year Built/Renovated
1982/2021
Stories
2
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5763839
Longitude
-121.4826779
1801 K St, Sacramento, California

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1801 K St
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