For Sale
$21,000,000

1011 K St Sacramento, CA 95814

Iconic Downtown Sacramento eatery, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents the Crest Theatre, a thriving restaurant complex located in the heart of Sacramento, California. The property boasts a commanding presence at 1011, 1013, 1015, 1017, 1021 and 1023 K Street, zip code 95814, within Sacramento County. Comprising two buildings totaling 36,771 square feet of net rentable space, the Crest Theatre offers a substantial footprint for a successful restaurant operation. Built in 1912 and extensively renovated in 2012, the property benefits from a blend of historical charm and modern amenities. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $1,450,000, translating to an attractive 7.00% capitalization rate. The asking price for this prime retail property is $21,000,000. The property's prime location and impressive financial performance make it an exceptional addition to any investment portfolio. The APN is 006-0103-011-000. This is a rare chance to acquire a landmark Sacramento establishment with significant upside potential. Don't miss this opportunity to own a piece of Sacramento's vibrant culinary scene.

Highlights

  • Exceptional investment opportunity: Crest Theatre restaurant complex, Sacramento, CA.
  • Prime location: 1011, 1013, 1015, 1017, 1021, & 1023 K Street, Sacramento, CA 95814.
  • Large footprint: Two buildings totaling 36,771 square feet of net rentable space.
  • Strong financials: $1,450,000 NOI, 7.00% cap rate, $21,000,000 asking price.
  • 100% occupancy.
  • Historic charm with modern amenities: Built in 1912, extensively renovated in 2012.

Property Details for 1011 K St

Property type
Retail properties, Restaurants
Square Feet
36,771 SF
Year Built/Renovated
1912/2012
Buildings
2

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5791138
Longitude
-121.4930138

FAQs

What type of property is this?
Retail property - Iconic Downtown Sacramento eatery, high NOI.
Where is the retail property located?
The property is located at 1011 K St Sacramento, CA.
What is the asking price?
The asking price for this property is $21,000,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Crest Theatre restaurant complex, Sacramento, CA.; Prime location: 1011, 1013, 1015, 1017, 1021, & 1023 K Street, Sacramento, CA 95814.; Large footprint: Two buildings totaling 36,771 square feet of net rentable space.
How can I contact the broker?
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1011 K St
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